OPENING (IRA): QQQ OCTOBER 16TH 260 SHORT PUT
... for a 3.85 credit.
Notes: Did my standard 45 days 'til expiry short put, this time in QQQ. It has the highest 30-day amongst "the majors" (i.e., SPY, DIA, QQQ, IWM) and has expiry-specific implied of 35.8%. I'll take profit on approaching worthless or, if in the money, take assignment and sell call against at the strike nearest my cost basis (in this case, 255.15). 1.51% ROC at max; 18.11% annualized at max.
Notes: Did my standard 45 days 'til expiry short put, this time in QQQ. It has the highest 30-day amongst "the majors" (i.e., SPY, DIA, QQQ, IWM) and has expiry-specific implied of 35.8%. I'll take profit on approaching worthless or, if in the money, take assignment and sell call against at the strike nearest my cost basis (in this case, 255.15). 1.51% ROC at max; 18.11% annualized at max.
Trade closed manually:
Out today for .15 with 7 days to go. In for 3.85, out for .15, 3.70 ($370) profit/contract; 1.45% ROC.