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NaughtyPines

Opening (IRA): SMH June 21st 180 Short Put

Long
VanEck Semiconductor ETF (BATS:SMH)  
NaughtyPines Updated   
BATS:SMH   VanEck Semiconductor ETF
Beyond Technical Analysis SMH optionsstrategies premiumselling shortput
0
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beyondta smh optionsstrategies premiumselling shortput
... for a 2.01 credit.

Comments: High IVR/IV at 75.1/35.1. Targeting the <16 delta strike paying around 1% of the strike price in credit to emulate dollar cost averaging into the semiconductor ETF.

I may look to ladder out at intervals if premium remains decent.
Trade closed manually:
Calling it "close enough." Closed for a 1.05 debit; .96 ($96) profit.
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