SPDR S&P 500 ETF Trust
Long

Opened (IRA): SPY September 17th 400 Short Put

130
... for a 4.03 credit.

Comments: Another form of dollar cost averaging in with more room to be wrong than buying shares. Here, I targeted the strike in September that is 16 delta or less that pays at least 1% of the strike price in credit, which was the 400, paying a smidge more than 4.00.

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