OPENING (IRA): SPX FEBRUARY 19TH 3320/3370 SHORT PUT VERTICAL
... for a 5.20 credit.
Notes: Opening a 10%-er* in the expiry nearest 45 days. Will look to take profit at 50% max or greater/take loss at 2 x credit received.
* -- Credit received is 10% of the width of the spread.
Notes: Opening a 10%-er* in the expiry nearest 45 days. Will look to take profit at 50% max or greater/take loss at 2 x credit received.
* -- Credit received is 10% of the width of the spread.
Trade closed manually:
Taking a little profit where I can. Here, with 37 days to go, closing for 3.10; 2.10 profit, 4.20% ROC.