Rolled (IRA): SPY June 30th 383 to September 16th 365
... for a 3.66 credit.
Comments: (Late Post). With only .36 worth of extrinsic left in the June 30th 383 (and a scant 9 days to go), rolling it down and out here to the strike that's paying me about 1% of the strike price to roll. Total credits collected of 8.51 (See Post Below) plus the 3.66 here, for a total of 12.17.
This is longer-dated than most like to go, but I'm generally fine with that in the retirement account, particularly since the roll reduces buying power effect, risk of assignment, delta, and cost basis. I still may naturally have to take assignment of shares, but it will be at 365 (minus credits received) instead of at 383 (minus credits received).
Comments: (Late Post). With only .36 worth of extrinsic left in the June 30th 383 (and a scant 9 days to go), rolling it down and out here to the strike that's paying me about 1% of the strike price to roll. Total credits collected of 8.51 (See Post Below) plus the 3.66 here, for a total of 12.17.
This is longer-dated than most like to go, but I'm generally fine with that in the retirement account, particularly since the roll reduces buying power effect, risk of assignment, delta, and cost basis. I still may naturally have to take assignment of shares, but it will be at 365 (minus credits received) instead of at 383 (minus credits received).
