... for a 2.40 credit.
Comments: Been rolling this for quite a while now ... . Mechanically rolling out for duration at 50% max to the <16 delta strike paying 1% of the strike price in credit in the shortest duration expiry, which is currently August (neither July 15th nor July 22nd <16 delta are paying 1%). I'm doing this in lieu of adding units in SPY at the moment, because it doesn't appear it's paying in shorter duration. As usual, I'll look at selling shorter duration if it starts paying again.
Total credits collected of 26.99 (See Post Below) plus the 2.40 here, for a total of 29.39 relative to a price for the August 360 (73 DTE) of around 3.70, so I've realized gains of 25.69 ($2569) so far.
Comments: Been rolling this for quite a while now ... . Mechanically rolling out for duration at 50% max to the <16 delta strike paying 1% of the strike price in credit in the shortest duration expiry, which is currently August (neither July 15th nor July 22nd <16 delta are paying 1%). I'm doing this in lieu of adding units in SPY at the moment, because it doesn't appear it's paying in shorter duration. As usual, I'll look at selling shorter duration if it starts paying again.
Total credits collected of 26.99 (See Post Below) plus the 2.40 here, for a total of 29.39 relative to a price for the August 360 (73 DTE) of around 3.70, so I've realized gains of 25.69 ($2569) so far.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.