NaughtyPines

Closing (IRA): XBI June 18th 115 Short Put

AMEX:XBI   SPDR Series Trust SPDR S&P Biotech ETF
... for a .37/contract debit.

Comments: In for 1.50/contract (See Post Below), out for .37/contract here; 1.13 ($113) profit per contract with 21 days to go. It's still somewhat weak here, but implied volatility has crushed into sub-35, which is kind of my exchange-traded fund implied volatility cut-off.

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