... 391 short put for a .04 credit.
Comments: A take profit roll. I originally put this on for 4.03 (See Post Below) and want to try to milk the last extrinsic out of it without extending duration much, particularly since implied volatility kind of sucks here and want to reserve longer duration rolls for a better premium selling environment.
With the September 24th 391 currently valued at 1.10, I realize a gain of 4.03 + .04 - 1.10 = 2.97 ($297) by doing this.
Comments: A take profit roll. I originally put this on for 4.03 (See Post Below) and want to try to milk the last extrinsic out of it without extending duration much, particularly since implied volatility kind of sucks here and want to reserve longer duration rolls for a better premium selling environment.
With the September 24th 391 currently valued at 1.10, I realize a gain of 4.03 + .04 - 1.10 = 2.97 ($297) by doing this.
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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.