Opening (IRA): XBI Dec/Feb 57/50 Short Puts
Comments: Adding a couple rungs to my XBI position at strikes better than what I currently have on, targeting the <16 delta strike paying around 1% of the strike price in credit.
December 15th 47: .62 credit
February 16th 50: .57 credit
I would've also gone with January, but already have a rung on at where I'd want to pitch my tent.
December 15th 47: .62 credit
February 16th 50: .57 credit
I would've also gone with January, but already have a rung on at where I'd want to pitch my tent.
Trade closed: target reached:
Out of the December 15th 57 for a .31 debit. .31 ($31) profit.
Trade closed: target reached:
And out of the February 16th 50 for a .28 debit; .29 ($29) profit.