SPDR S&P 500 ETF Trust
Long
Updated

Opening (IRA): SPY October 20th 390 Short Put

114
... for a 3.96 credit.

Comments: Targeting the <16 delta strike in the shortest duration where the credit received is around 1% of strike price to emulate dollar cost averaging into the broad market. Unfortunately, this is out in (ugh) October.

As always, I'll look to add in shorter duration should it start to pay.
Trade closed: target reached
Hit 50% max today/closed for 1.98. 1.98 ($198) profit.

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