Short Puts
Updated
XRT has an IVR of 70%, $39 strike put is offering 1.69% ROC in Sept, with 73% chance of success.
Sold Sept 15 $39 put for .66/contract.
Sold Sept 15 $39 put for .66/contract.
Trade closed: target reached
Difference between 40 & 50% on this trade was insigificant, so I took the 40% winner when I got a chance. This frees up buying power as well. Closed for $.39 db.
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