iShares Russell 2000 ETF
Long

Opened (IRA): IWM April 1st 175 Short Put

48
... for a 1.98 credit.

Comments: Selling premium in the broad market exchange-traded fund having the highest 30-day on the board, targeting the strike in the shortest duration contract of 45 days or longer that pays at least 1% of the strike price in credit to emulate dollar cost averaging into the broad market. I usually do this on Fridays, but if it's gonna dump on a Thursday ... .

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