OPENING (IRA): SPX DECEMBER 18TH 2915/2965 SHORT PUT VERTICAL
Updated
... for a 5.10 ($510) credit.
Notes: Opening a spread in the December monthly that pays 10% of its width. Will look to manage at 50% max; 2 x credit received. The correspondent trade in SPY would be the December 18th 289/294, paying .51 as of the writing of this post.
Notes: Opening a spread in the December monthly that pays 10% of its width. Will look to manage at 50% max; 2 x credit received. The correspondent trade in SPY would be the December 18th 289/294, paying .51 as of the writing of this post.
Comment
And ... just like that. Nearly at 2 x credit received. Will watch it like a hawk, but also have SPY short call diagonals on as portfolio-wide short delta.Trade closed: target reached
Out today at 50% max; 2.60 ($260) profit. 5% ROC for 18 days' work; 101.4% annualized.
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