NaughtyPines

Opening (IRA): MJ August 20th 18 Short Put

Long
AMEX:MJ   ETFMG Alternative Harvest ETF
... for a .49/contract credit.

Notes: There isn't much left on the board with 30-day implied >35% in the exchange-traded fund space, but MJ is one of them with 30-day at 41.6% and expiry-specific at 50.1%. The others: ARKK (40%), ARKG (39%), GDXJ (36%), and XME (35%). Had to go a little more aggressive here delta-wise than usual: the 18 is at the 22 delta or so; the 17, at the 14. ROC of 2.8% at max.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.