Opening (IRA): IWM April 23rd 195 Short Put
... for a 2.80 credit.
Notes: My weekly, 16 delta short put in the expiry nearest 45 days in the broad market exchange-traded fund with the highest 30-day (currently IWM). 1.46% ROC at max as a function of notional risk. 192.20 break even.
Alternative Trades:
IWM April 23rd 190/195 short put vertical, paying .64 at the mid price, 12.8% ROC at max on buying power of 4.35.
RUT April 23rd 1915/1965 short put vertical, paying 6.35 at the mid price, 12.7% ROC at max on buying power of 43.65.
Notes: My weekly, 16 delta short put in the expiry nearest 45 days in the broad market exchange-traded fund with the highest 30-day (currently IWM). 1.46% ROC at max as a function of notional risk. 192.20 break even.
Alternative Trades:
IWM April 23rd 190/195 short put vertical, paying .64 at the mid price, 12.8% ROC at max on buying power of 4.35.
RUT April 23rd 1915/1965 short put vertical, paying 6.35 at the mid price, 12.7% ROC at max on buying power of 43.65.
Comment:
Oops. The red horizontal line on the chart should read "April 23rd 195 Short Put" not the 185 ... .
