NaughtyPines

Rolling (IRA): SPY January 21st 397 to April 14th 360

Long
AMEX:SPY   SPDR S&P 500 ETF TRUST
... for a 1.95 credit.

Comments: Cleaning up my longer-dated SPY strategy short put ladder a little bit here while I wait to start putting on other positions in 2022 expiries. The January 21st 397 is at greater than 50% max, so rolling it out to the April strike paying at least 1% of the strike value in credit instead of adding units. I've collected a total of 8.17 + 1.95 with rolls so far for a total of 10.12 relative to the April 14th 360 short put value of 3.79, so have realized gains of 6.33 ($633) to date.