... for a 2.73/contract credit.
Notes: Background implied isn't what it was a few short weeks ago, but it's still pretty high here at 89.6%. Looking to "wheel" this (i.e., short put, acquire, cover) if it breaks down; otherwise, perfectly happy to keep the premium. 5.22% ROC at max (if cash secured).
Notes: Background implied isn't what it was a few short weeks ago, but it's still pretty high here at 89.6%. Looking to "wheel" this (i.e., short put, acquire, cover) if it breaks down; otherwise, perfectly happy to keep the premium. 5.22% ROC at max (if cash secured).
Trade closed manually:
Taking fairly quick profit here: In for 2.73/contract, out for 1.63. 1.10 ($110) profit per contract (40% max) in 12 days with 45 days to go.
