... for a 5.10 ($510) credit.
Notes: Opening a spread in the December monthly that pays 10% of its width. Will look to manage at 50% max; 2 x credit received. The correspondent trade in SPY would be the December 18th 289/294, paying .51 as of the writing of this post.
Notes: Opening a spread in the December monthly that pays 10% of its width. Will look to manage at 50% max; 2 x credit received. The correspondent trade in SPY would be the December 18th 289/294, paying .51 as of the writing of this post.
Note
And ... just like that. Nearly at 2 x credit received. Will watch it like a hawk, but also have SPY short call diagonals on as portfolio-wide short delta.Trade closed: target reached
Out today at 50% max; 2.60 ($260) profit. 5% ROC for 18 days' work; 101.4% annualized.
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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.