... for a 3.00 credit.
Comments: Rounding out fourth quarter rungs in the Q's here, targeting the <16 delta strike paying around 1% of the strike price in credit to emulate dollar cost averaging into the broad market. Shorter duration (i.e., November) is actually paying at or below the 16 delta strike, but already have rungs camped out there (although I still may squeeze some in there in the weeks ahead if it's productive).
Will start to look to peel off shorter duration rungs as I come to them, although I only have a couple of October rungs left, with the majority being out in November and December.
Comments: Rounding out fourth quarter rungs in the Q's here, targeting the <16 delta strike paying around 1% of the strike price in credit to emulate dollar cost averaging into the broad market. Shorter duration (i.e., November) is actually paying at or below the 16 delta strike, but already have rungs camped out there (although I still may squeeze some in there in the weeks ahead if it's productive).
Will start to look to peel off shorter duration rungs as I come to them, although I only have a couple of October rungs left, with the majority being out in November and December.
Trade closed: target reached
Out for a 1.50 debit (50% max). 1.50 ($150) profit.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.