Rolling (IRA): SPY December 17th 297 to January 21st 328*
short put for a 1.82 credit.
Comments: Part of a longer-dated strategy targeting the strike paying at least 1% of the strike price in credit. Here, cleaning up my ladder a little bit by taking profit on the December contract, which is at 50% max. Total credits collected of 3.33 (See Post Below) + 1.82 = 5.15 versus a current short put value of 3.35, so I've realized gains of 1.80 ($180) on this so far.
* -- I'm showing the 297 strike above where it's actually at on the chart, which would be below the range the chart encompasses.
Comments: Part of a longer-dated strategy targeting the strike paying at least 1% of the strike price in credit. Here, cleaning up my ladder a little bit by taking profit on the December contract, which is at 50% max. Total credits collected of 3.33 (See Post Below) + 1.82 = 5.15 versus a current short put value of 3.35, so I've realized gains of 1.80 ($180) on this so far.
* -- I'm showing the 297 strike above where it's actually at on the chart, which would be below the range the chart encompasses.
