NaughtyPines

Opening (IRA): SPY September 20th 430 Short Put

Long
BATS:SPY   SPDR S&P 500 ETF TRUST
... for a 4.34 credit.

Comments: Targeting the <16 delta strike paying around 1% of the strike price in credit to emulate dollar cost averaging into S&P 500 ETF, adding at a strike better than what I currently have on.

As with my other broad market, will look to generally take profit at 50% max or -- if assigned -- sell call against at the strike price my short put was at.
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