NaughtyPines

Opening (IRA): SPY Feb/March/April 355/333/315 Short Put Ladder

Long
NaughtyPines Updated   
AMEX:SPY   SPDR S&P 500 ETF TRUST
Comments: Laddering out on weakness ... . Generally, I do this stuff on Fridays, but have a road trip coming up and probably won't get to it. The <16 delta strike in January isn't paying 1% of the strike price in credit, so going with Feb, March, and April here.

Feb 17th 355: 3.57 credit
March 17th 333: 3.37 credit
April 21st 315: 3.26 credit
Trade closed manually:
Closed the 355 for .72; 2.85 ($285) profit. Closed the 333 for .97; 2.40 ($240) profit. Closed the 315 for a 1.27 debit; 1.99 ($199) profit.
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