NaughtyPines

OPENING: SPX DECEMBER 11TH 2900/2950 SHORT PUT VERTICAL

NaughtyPines Updated   
SP:SPX   S&P 500 Index
... for a 5.00 credit.

Notes: A ten-percenter on this weakness in the weekly nearest 45 days until expiry. 30 day at 29.4%; expiry-specific at 27.9%. Will manage at 50% max; 2 x credit received. To a certain extent, betting on post-election volatility crush.
Comment:
Oops. Should be the December 11th expiry, but with the same strikes.
Trade closed: target reached:
Out at 50% max, 2.50 ($250) profit. 5.0% ROC for 11 days' "work" (165.9% annualized).
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