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NaughtyPines

Opening (IRA): SPY December 29th 394 Short Put

Long
SPDR S&P 500 ETF TRUST (AMEX:SPY)  
NaughtyPines Updated   
AMEX:SPY   SPDR S&P 500 ETF TRUST
Beyond Technical Analysis SPDR S&P 500 ETF (SPY) optionsstrategies premiumselling shortput
2
4
beyondta spy optionsstrategies premiumselling shortput
... for a 3.96 credit.

Comments: Targeting the <16 delta strike paying around 1% of the strike price in credit to emulate dollar cost averaging into the broad market and to generate "free cash flow."
Trade closed: target reached:
Hit 50% max today; out for 1.98, $198 profit.
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