SPDR S&P 500 ETF Trust
Long
Updated

Opening (IRA): SPY December 29th 405 Short Put

63
... for a 4.22 credit.

Comments: Rounding out fourth quarter rungs ... . Targeting the <16 delta strike paying around 1% of the strike price in credit to emulate dollar cost averaging into the broad market. I already have some December 15th on, so going out to the last expiry of the year here.
Trade closed: target reached
Hit 50% of max profit, closing for a 2.11 debit. 2.11 ($211) 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.