... for a 2.29 credit.
Comments: Part of a longer-dated strategy intended to keep maximal buying power deployed even when "local" (i.e., <45 days until expiry implied volatility) kind of sucks. With the October 15th 391 worth only 1.13, cleaning up my SPY short put ladder by rolling this out to the February strike paying at least 1% of the strike price in credit (which happens to be the 335, paying 3.41). Total credits collected of 15.74 + 2.29 = 18.03 versus a short put value of 3.41, so I've realized gains of 18.03 - 3.41 = 14.62 ($1462) so far.
Comments: Part of a longer-dated strategy intended to keep maximal buying power deployed even when "local" (i.e., <45 days until expiry implied volatility) kind of sucks. With the October 15th 391 worth only 1.13, cleaning up my SPY short put ladder by rolling this out to the February strike paying at least 1% of the strike price in credit (which happens to be the 335, paying 3.41). Total credits collected of 15.74 + 2.29 = 18.03 versus a short put value of 3.41, so I've realized gains of 18.03 - 3.41 = 14.62 ($1462) so far.
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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.