OPENING (IRA): SPX JANUARY 8TH 3200/3250 SHORT PUT VERTICAL
... for a 5.20 credit.
Notes: A 10%-er in the expiry nearest 45 days 'til expiry. Take profit at 50% max or greater; take loss at 2 x credit received. For those with smaller accounts, consider going 5-wide SPY (although it doesn't look like a January 8th expiry is open yet in SPY, QQQ, or IWM).
Notes: A 10%-er in the expiry nearest 45 days 'til expiry. Take profit at 50% max or greater; take loss at 2 x credit received. For those with smaller accounts, consider going 5-wide SPY (although it doesn't look like a January 8th expiry is open yet in SPY, QQQ, or IWM).
Trade closed: target reached:
Out at 50% max; 2.60 ($260) profit.