SPDR S&P 500 ETF Trust
Long
Updated

Opening (IRA): SPY August 16th 450 Short Put

122
... for a 4.50 credit.

Comments: Targeting the <16 delta strike paying around 1% of the strike price in credit to emulate dollar cost averaging into the S&P 500 ETF.

Here, adding a strike better than what I currently have on in the August expiry.

Will generally look to take profit at 50% max.
Trade closed manually
Closed for a 2.17 debit; 2.33 ($233) profit.

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