Rolling (IRA): SPY November 19th 401 to March 18th 348 Short Put
... for a 2.76 credit.
Comments: With only .72 of extrinsic left in the November 19th 401, cleaning up my longer-dated premium selling strategy in SPY by rolling out to the March 348 -- the strike that's paying at least 1% of the strike in credit. I've collected 13.31 (See Post Below) + 2.76 with this roll for a total of 16.07 so far relative to a value for the 348 of 3.49, so I've realized gains of 16.07 - 3.49 or 12.58 ($1258). Ordinarily, I would've just rolled it out a month, but the 16 delta strike in December is paying <1% of the strike price, so opted to "leap frog" this over short puts I already have on in the December, January, and February monthlies.
Comments: With only .72 of extrinsic left in the November 19th 401, cleaning up my longer-dated premium selling strategy in SPY by rolling out to the March 348 -- the strike that's paying at least 1% of the strike in credit. I've collected 13.31 (See Post Below) + 2.76 with this roll for a total of 16.07 so far relative to a value for the 348 of 3.49, so I've realized gains of 16.07 - 3.49 or 12.58 ($1258). Ordinarily, I would've just rolled it out a month, but the 16 delta strike in December is paying <1% of the strike price, so opted to "leap frog" this over short puts I already have on in the December, January, and February monthlies.
