Rolling (IRA): SPY July 16th 367 to August 20th 378
... for a 2.56 credit.
Comments: With the July 16th 367 at greater than 50% max, rolling it to the next monthly strike paying at least 1% of the strike price in credit. So far, I've collected 8.75 + 2.56 in credits or 11.31 ($1131) of which 7.39 ($739) is realized gain. It would be better to roll this on a red day or when implied volatility is better, but the goal here is to stay mechanical, rather than trying to collect "ideal" premium each and every roll.
Comments: With the July 16th 367 at greater than 50% max, rolling it to the next monthly strike paying at least 1% of the strike price in credit. So far, I've collected 8.75 + 2.56 in credits or 11.31 ($1131) of which 7.39 ($739) is realized gain. It would be better to roll this on a red day or when implied volatility is better, but the goal here is to stay mechanical, rather than trying to collect "ideal" premium each and every roll.
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Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.