SPDR S&P 500 ETF TRUST
Long
Updated

OPENING (IRA): SPY OCTOBER 2ND 308 SHORT PUT

443
... for a 2.90/contract credit.

Notes: Expiry specific implied is 23.2%, which isn't fantastic, but still above where I will continue to sell (>20%). In the vast majority of cases, I'll run these until expiry or until they approach worthless and, if assigned shares, sell call against at the strike nearest break even (which here is 305.10) and go from there.
Trade closed manually
Out for .40 here. 2.50 ($250) profit per contract.

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