OPENING (IRA): XLU APRIL 17TH/JUNE 19TH 52/50 LADDERED PUTS
... for a 2.75 credit.
Notes: Another underlying that has been on my IRA shopping list for a bit. The yield is 2.84% here, but would be better with an acquisition at 52, since the annualized dividend is 1.91 (1.91/52 = 3.67%). Only doing two rungs due to liquidity degrading somewhat as you go out in time.
Notes: Another underlying that has been on my IRA shopping list for a bit. The yield is 2.84% here, but would be better with an acquisition at 52, since the annualized dividend is 1.91 (1.91/52 = 3.67%). Only doing two rungs due to liquidity degrading somewhat as you go out in time.
Trade active
As with my HYG and IYR short put ladders, April expires worthless here. Will look to re-up a rung or rungs on weakness.Trade active
Post-mopex, adding in some June 47's for 1.15. Total credits collected of 3.90. There is no July currently ... .Trade active
Out of the June 47's for .16, leaving me with the June 50's. Scratch at 3.74.Trade closed manually
Out of the June 50's for .20 here, so made a total of 3.54 ($354)/contract. With 30-day IV currently at 24.9% (a rank of 38.1%), probably going to just wait until the next dip/vol pop to have a go at it.
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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.