Comments: My broad market positions are getting a little crowded and busy, so deploying some buying power into some sector ETF's, targeting the <16 delta strike paying around 1% of the strike price in credit.
30-day isn't bad here at 36.3%, but this isn't exactly as weak as it has been, so it's possible that a better entry could be had. Because of that, I'll look to potentially add should better opportunities present themselves.
The goal here is to collect premium and/or to reduce cost basis in shares that you might be eventually assigned and not necessarily to get ideal entries; there is, after all, some "slop"/room to be wrong with these. That being said, being patient and getting paid something decent for a lower strike is always a good thing, since a lower strike means a smaller buying power effect.
February 17th 170: 1.74 credit
March 17th 154: 1.54 credit
30-day isn't bad here at 36.3%, but this isn't exactly as weak as it has been, so it's possible that a better entry could be had. Because of that, I'll look to potentially add should better opportunities present themselves.
The goal here is to collect premium and/or to reduce cost basis in shares that you might be eventually assigned and not necessarily to get ideal entries; there is, after all, some "slop"/room to be wrong with these. That being said, being patient and getting paid something decent for a lower strike is always a good thing, since a lower strike means a smaller buying power effect.
February 17th 170: 1.74 credit
March 17th 154: 1.54 credit
Trade closed manually
Closed the February 17th 170 for a .52 debit; 1.22 ($122) profit.Note
Closed the March 17th 154 for a .58 debit; .96 ($96) profit.
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.
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.