NaughtyPines

OPENING (IRA): SPY SEPTEMBER 19TH 205 SHORT PUT

AMEX:SPY   SPDR S&P 500 ETF TRUST
... for a 2.19 credit.

Notes: Targeting the short put strike in September paying at least 1% of the strike price in credit. Roll up intraexpiry at 50% max with > 45 days until expiry; pull off on approaching worthless and/or sell call against if assigned.
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