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NaughtyPines
Jan 27, 2023 2:58 PM
Opening (IRA): SPY April 21st 368 Short Put
Long
AMEX:SPY
1D
SPDR S&P 500 ETF TRUST
Arca
Description
⋅
Jan 27, 2023 2:58 PM
... for a 3.80 credit.
Comments: Targeting the <16 delta strike in the shortest expiry that is paying around 1% of the strike price in credit, which is (ugh) currently April (84 DTE). Will look to add in shorter duration if we get an uptick in IV.
Beyond Technical Analysis
SPDR S&P 500 ETF (SPY)
optionsstrategies
premiumselling
shortput
Comments
Sawyer170
⋅
Jan 27, 2023 7:21 PM
or selling puts for bullish
Sawyer170
⋅
Jan 27, 2023 7:21 PM
selling call options for a bearish output?
NaughtyPines
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Jan 27, 2023 7:25 PM
@Sawyer170
, It's a short put that is neutral to bullish assumption (i.e., I make money if it goes sideways, up, or down to a certain extent).
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