NaughtyPines

Rolling (IRA): SPY December 17th 388 to January 422 Short Put

AMEX:SPY   SPDR S&P 500 ETF TRUST
... for a 3.60 credit.

Comments: Part of a longer-dated strategy. With the December 17th 388 way past 50% max (it's currently valued at .67), rolling it up and out to the January strike paying at least 1% of the strike price in credit. I've collected a total of 15.40 (See Post Below) plus the 3.60 here for a total of 19.00 relative to the January 422 short put value of 4.25, so have realized gains of 14.75 ($1475) so far.
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