NaughtyPines

OPENING (IRA): SPY DECEMBER 17TH 175 SHORT PUT

AMEX:SPY   SPDR S&P 500 ETF TRUST
... for a 1.81 credit.

Notes: Targeting the short put strike in December '21 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.

That'll pretty much do it for this setup. Will fill in July/August/October/November as those expiries become available, as well as potentially add onto the back end (January '22, etc.). I would note that some buying power will need to be kept free for potential roll up to pricier strikes, since the buying power effect of the 250 strike, for example, will be greater than the buying power effect of the 175.
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