AMEX:SMH   VANECK VECTORS SEMICONDUCTOR ETF
Taking advantage of some high IV here. SMH             currently has a 76 IVR             , according to TW.

I sold the Sept 15, $82 put for $1.12 credit. This 5.7% below the current price and offers a 1.36% ROC in 52 days. That's about $2.15 in theta decay a day, or possibly more per day if we squeeze out 50% in a shorter time frame.

Same logic as always...get assigned, sell calls, rinse and repeat.
Trade closed: target reached: I was watching the b/a of my short put here and it was jumping around quite a bit (pretty illiquid). It was hovering around 40-42% of my max win, so I decided to take it. It was using up quite a bit of my buying power as well (IRA, cash secured), but I'm happy to walk away with this.

Closed @ $.65 deb.
English
English (UK)
English (IN)
Deutsch
Français
Español
Italiano
Polski
Türkçe
Русский
Português
Bahasa Indonesia
Bahasa Melayu
ภาษาไทย
Tiếng Việt
日本語
한국어
简体中文
繁體中文
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out