NaughtyPines

Opened (IRA): SPY July 22nd 365 Short Put

Long
AMEX:SPY   SPDR S&P 500 ETF TRUST
... for a 3.62 credit.

Comments: Weakness + higher IV. Sold the <16 delta strike paying around 1% of the strike price in credit in the expiry nearest 45 days to emulate dollar cost averaging into the broad market.
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