SPDR S&P 500 ETF TRUST
Updated

OPENING (IRA): SPY APRIL 16TH 278 SHORT PUT

74
... for a 2.80 credit.

Notes: Targeting the short put strike in April paying at least 1% of the strike price in credit (See Post Below). Roll up intraexpiry at 50% max with > 45 days until expiry; pull off on approaching worthless and/or sell call against if assigned.
Trade active
Rolling the 278 to the April 16th 292 for .74 credit. Total credits collected of 3.54; ROC at max now at 1.23% as a function of notional risk.
Trade active
Rolling the April 16th 292 to the April 320 for a 1.56 credit. Total credits collected of 5.10. ROC at max now at 1.62%.
Trade active
Rolling the 320 up intra expiry to the 349 for a realized gain and a 1.81 credit. Total credits collected of 6.91. ROC at max now at 2.02% as a function of notional risk.

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