NaughtyPines

Opened (IRA): SPY September 16th 356 Short Put

Long
AMEX:SPY   SPDR S&P 500 ETF TRUST
... for a 3.65 credit.

Comments: Targeting the <16 strike in the shortest duration that is paying around 1% of the strike price in credit in this weakness and comparatively higher IV.

And just this morning I was thinking, "Ugh, I'm going to have to go out to October with SPY to get paid."
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