NaughtyPines

Rolling (IRA): SPY August 20th 300 to September 324

AMEX:SPY   SPDR S&P 500 ETF TRUST
... for a 1.75 credit.

Notes: With the August 20th 300 approaching 50% max, rolling it out to the September 324 for a 1.75 credit. Total credits collected of 6.04 versus a current short put value of 3.26, so I've realized a gain of 2.78 on this so far. Previously, I was rolling up intraexpiry at 50% max where there were >45 days until expiry, but am kind of doing some housekeeping here in advance of vacation, so rolling out instead of up, as this results in the strike being farther away from current price relative to one of shorter duration.
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