SPDR S&P 500 ETF Trust
Long
Updated

Opening (IRA): SPY April 19th 430 Monied Covered Call

151
... for a 421.04 debit.

Comments: Buying a Johnny one lot and selling a -75 call against to emulate a 25 delta short put, but with richer premium due to call side skew.

As I start to go out in duration, monied short calls get less liquid, so I may return to just selling puts due to that. Just trying to get up and running after having flattened out at the end of the year ... .
Trade closed: target reached
Hit 50% max today. In for a 421.04 debit; out for a 425.54 credit. 4.50 ($450) profit.

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