... for a 2.69 credit.
Comments: Continuing to target the <16 delta strike (the 265's at the 13 delta or so) paying around 1% of the strike price in credit in the exchange-traded fund with the highest 30-day, which remains QQQ. Strikes sub-275 in the July 22nd expiry are 5-wide, so I may pause here a bit if 1-wides don't fill in so that I can avoid stepping on rungs.
It's purely a practical thing; I like to keep track of the cost basis of each rung and when you go multiples at a single strike that were put on at different times for different credits, it complicates things (although the math, in fact, isn't that complicated).
Comments: Continuing to target the <16 delta strike (the 265's at the 13 delta or so) paying around 1% of the strike price in credit in the exchange-traded fund with the highest 30-day, which remains QQQ. Strikes sub-275 in the July 22nd expiry are 5-wide, so I may pause here a bit if 1-wides don't fill in so that I can avoid stepping on rungs.
It's purely a practical thing; I like to keep track of the cost basis of each rung and when you go multiples at a single strike that were put on at different times for different credits, it complicates things (although the math, in fact, isn't that complicated).
