Opening (IRA): SPY June 20th 490 Short Put

25 apr

... for a 5.26 credit.

Comments: Targeting the strike that is both at 16 delta or below and that is paying 1% of the strike price in credit ... .

Metrics:

Buying Power Effect/Break Even: 484.72
Max Profit: 5.26
ROC at Max: 1.09%

Will generally look to ladder out at intervals, assuming I can get in at prices better than what I currently have on, roll out at 50% max ... .

2 mag

Nota

Rolling up to the <16 delta strike paying around 1% of the strike price in credit, and that's at the 513. Received a 2.08 credit; 7.34 net credits received.

9 mag

Nota

Doing a "window dressing roll" for a realized gain from the June 20th 513 to the June 30th 505 for a .09 credit. Just looking to milk the last meaty bits out of June while reducing buying power effect/lowering my break even. 7.43 net credits collected.

16 mag

Trade chiuso manualmente

Closing here for a .73 debit; 6.70 ($670) profit.