Opening (IRA): SPY June 16th 230 Short Put
... for a 2.31 credit.
Comments: Part of a longer-dated strategy in SPY targeting the <16 strike paying around 1% of the strike price in credit to emulate dollar cost averaging into the broad market. Will generally look to roll at 50% max, whenever that occurs.
Naturally, I'll deploy into shorter duration if we get weakness plus a higher implied volatility environment.
Comments: Part of a longer-dated strategy in SPY targeting the <16 strike paying around 1% of the strike price in credit to emulate dollar cost averaging into the broad market. Will generally look to roll at 50% max, whenever that occurs.
Naturally, I'll deploy into shorter duration if we get weakness plus a higher implied volatility environment.
Trade chiuso: obiettivo raggiunto:
Hit 50% max today. 1.15 ($115) profit.