VanEck Semiconductor ETF
Long
Updated

Opening (IRA): SMH June 21st 180 Short Put

70
... for a 2.01 credit.

Comments: High IVR/IV at 75.1/35.1. Targeting the <16 delta strike paying around 1% of the strike price in credit to emulate dollar cost averaging into the semiconductor ETF.

I may look to ladder out at intervals if premium remains decent.
Trade closed manually
Calling it "close enough." Closed for a 1.05 debit; .96 ($96) profit.

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