Rolling (IRA): SPY August 20th 250 Short Put to August 20th 300
... for a 1.69/contract credit.
Notes: Some more take profit rolling. Here, the August 20th 250 is approaching 50% max, so rolling it up to the strike paying at least 1% of the strike price, which is the 300 in the expiry (currently paying 3.01 at the mid). Realized gain of 1.30 or so ($130)/contract with total credits collected of 4.29/contract.
On a more practical bent, I want to get everything rolled up, assess available buying power, and make a determination about whether I should hand sit for a bit here or deploy more.
Notes: Some more take profit rolling. Here, the August 20th 250 is approaching 50% max, so rolling it up to the strike paying at least 1% of the strike price, which is the 300 in the expiry (currently paying 3.01 at the mid). Realized gain of 1.30 or so ($130)/contract with total credits collected of 4.29/contract.
On a more practical bent, I want to get everything rolled up, assess available buying power, and make a determination about whether I should hand sit for a bit here or deploy more.
