NaughtyPines

Closing (IRA): SPY April 23rd 357.5 Short Put

AMEX:SPY   SPDR S&P 500 ETF TRUST
... for a .24 debit.

Notes: Taking profit with 17 days to go. Total credits collected of 10.43; out for .24 here; 10.19 ($1019) in profit, 2.93% ROC as a function of notional risk. This is along the lines of what I want to see out of this strategy on a quarterly basis: ~1% ROC at max as a function of notional risk on a monthly basis; 2-3% ROC as a function of notional risk on a quarterly basis, 8-12% annualized.
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