NaughtyPines

Opening (IRA): SPY April 22nd 370 Short Put

Long
AMEX:SPY   SPDR S&P 500 ETF TRUST
... for a 4.00 credit.

Comments: Targeting the <16 delta short put paying at least 1% of the strike price in credit on weakness/high IV to emulate dollar cost averaging into the broad market. Previously, I was using longer duration monthlies, but since 45 days until expiry is paying here in SPY, I'm opting to go shorter in duration for the time being.
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