SPDR S&P 500 ETF Trust
Long
Updated

Opening (IRA): SPY November 17th 390 Short Put

116
... for a 4.10 credit.

Comments: My weekly, broad market short put targeting the <16 delta strike paying around 1% of the strike price in credit.

As usual, will look to add in shorter duration should it start to pay more decently. Relatedly, I'm fine with taking assignment of shares and selling call against, but will attempt to stay in options as long as possible, rolling for strike improvement and a credit so long as that remains productive.
Trade closed manually
.06 shy of 50% max ... . Closing out here for a 2.11 debit. 1.99 ($199) profit.

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