Rolling (IRA): SPY November 19th 379 to December 17th 388 SP*
... for a 2.21 credit.
Comments: Part of a longer-dated strategy to keep maximal buying power deployed, even in "locally" (i.e., <45 days until expiry) low implied volatility environments. Here, the November 17th 379 is at 50% max, so rolling it out to the strike in December paying at least 1% of the strike in credit which is the 388, paying 3.96.
Up to this point, I've collected a total of 13.19 (See Post Below) in credits. With this roll, I've collected 13.19 + 2.21 = 15.40 relative to the December 17th 388 short put value of 3.96, so I've realized gains of 11.44 ($1144) so far.
* -- Short Put
Comments: Part of a longer-dated strategy to keep maximal buying power deployed, even in "locally" (i.e., <45 days until expiry) low implied volatility environments. Here, the November 17th 379 is at 50% max, so rolling it out to the strike in December paying at least 1% of the strike in credit which is the 388, paying 3.96.
Up to this point, I've collected a total of 13.19 (See Post Below) in credits. With this roll, I've collected 13.19 + 2.21 = 15.40 relative to the December 17th 388 short put value of 3.96, so I've realized gains of 11.44 ($1144) so far.
* -- Short Put
