Rolling (IRA): QQQ June 18th 297 Short Put to June 30th 288
... for an .11 credit.
Comments: Here, doing a little "window dressing" rolling ... . With the 297 at greater than 50% max (See Post Below), rolling it down and out in duration a little bit for a realized gain and a small credit. Here, I just want to take profit up to this point and reduce risk (since the 288 is farther away from current price than the 297, but also milk the remaining risk premium out of the play. Total credits collected of 2.99 + .11 = 3.10 versus the June 30th 288 current short put value of 1.46, so I've realized a profit of 3.10 - 1.46 or 1.64 ($164) so far.
Comments: Here, doing a little "window dressing" rolling ... . With the 297 at greater than 50% max (See Post Below), rolling it down and out in duration a little bit for a realized gain and a small credit. Here, I just want to take profit up to this point and reduce risk (since the 288 is farther away from current price than the 297, but also milk the remaining risk premium out of the play. Total credits collected of 2.99 + .11 = 3.10 versus the June 30th 288 current short put value of 1.46, so I've realized a profit of 3.10 - 1.46 or 1.64 ($164) so far.
