Opening (IRA): SPY August 15th 490 Short Put

May 9

... for a 5.00 credit.

Comments: Laddering out, targeting the strike paying around 1% of the strike price in credit ... .

Will generally look to roll up to the shortest duration <16 delta strike paying 1% of the strike price if in profit.

May 16

Note

Rolling the 490 up to the 535 (16 delta) for a 3.06 credit; 8.06 total credits received.

Jul 18

Trade closed manually

Closed for a .47 debit. 7.59 ($759) profit.