OPENING (IRA): XLP JAN 17TH 52 SHORT PUT

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... for a .40 credit.

Notes: Another "not a penny more" short put with a resulting cost basis of 51.60/share if assigned. As with my XLU and HYG not a penny mores (See Posts Below), will look to roll "as is" for a credit on at least a quarterly basis until assigned or that's no longer productive. Current yield of 2.99%; $178 annualized on a one lot ... .

This trade kind of rounds out what was on the remainder of my IRA shopping list which has focused on dividend yielders like IYR, HYG, XLU, and XLP. I'm already in IYR covered calls and in HYG and XLU short put plays.
Trade chiuso manualmente
Covering for .03, a .37 ($37)/contract winner (lol). Will re-evaluate buy point if we get some kind of broad market sell-off.
Beyond Technical AnalysisnotapennymoreoptionsstrategiesshortputXLP

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