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NaughtyPines
Oct 29, 2021 2:32 PM

Closing (IRA): XBI November 19th 110 Short Puts 

SPDR Series Trust SPDR S&P Biotech ETFArca

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... for a .13/contract debit.

Comments: Opened these for 1.71 credit/contract. (See Post Below). Closing here for .13 results in a realized gain of 1.58 ($158) per contract. Although this remains somewhat weak here, implied volatility isn't the greatest at around 28%, so decided not to roll it out; my preference is for weakness plus implied volatility in >35% in exchange-traded funds to take bullish assumption shots.
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