... for a 2.82 credit.
Comments: Targeting the shortest duration <16 strike paying around 1% of the strike price in credit to emulate dollar cost averaging into the Q's. As with my IWM and SPY trades, this isn't the best premium-selling environment, with 30-day IV near its 52-week low, but will look to add at intervals and in shorter duration if we can get some weakness and an uptick in IV at some point.
Comments: Targeting the shortest duration <16 strike paying around 1% of the strike price in credit to emulate dollar cost averaging into the Q's. As with my IWM and SPY trades, this isn't the best premium-selling environment, with 30-day IV near its 52-week low, but will look to add at intervals and in shorter duration if we can get some weakness and an uptick in IV at some point.
Trade closed manually
Closed for a 1.14 debit; 1.68 ($168) 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.