NaughtyPines

Opened (Small Account): SPY August 27th 403/408 Short Put Vert

AMEX:SPY   SPDR S&P 500 ETF TRUST
... for a .53 credit.

Comments: Selling the 5-wide in the expiry nearest 45 days until expiry and collecting at least 10% of the width of the spread in credit to emulate dollar cost averaging into the broad market.
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