Opening (IRA): SPY February 17th 306 Short Put
... for a 3.15 credit.
Comments: Re-erecting a rung out in February, targeting the <16 delta strike paying around 1% of the strike price in credit. I stripped off quite a bit of long delta over the past few weeks and want to make sure I have at least some theta on and burning, while reserving quite a bit of dry powder on for future deployment.
Comments: Re-erecting a rung out in February, targeting the <16 delta strike paying around 1% of the strike price in credit. I stripped off quite a bit of long delta over the past few weeks and want to make sure I have at least some theta on and burning, while reserving quite a bit of dry powder on for future deployment.
Trade closed manually:
I put this on a week ago, and it isn't quite at 50% max, but it's got 98 days to go, so money, taking, running here. Closed for a 1.65 debit; 1.50 ($150) profit.