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NaughtyPines
Jan 5, 2021 4:26 PM

OPENING (IRA): XLU FEBRUARY 19TH 56 SHORT PUT 

SPDR Select Sector Fund - UtilitiesArca

Description

... for a .56/contract credit.

Notes: Selling premium in XLU, which for some reason has popped to the top of my screener, with 30-day is at 44.3%. This one's a modest yielder (2.942%), so, as usual, fine with taking assignment, getting paid to wait, and selling call against if that happens. 1.0% ROC on capital at max; 8.1% annualized.

Trade closed manually

Out for .11 here. A little bit of pop, a little bit of vol crush (30-day now at 23.1%). .45/$45 profit per contract.
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