OPENING (IRA): SPY MARCH 19TH 300 SHORT PUT

... for a 3.05 credit.

Notes: Targeting the short put strike in March paying at least 1% of the strike price in credit (See Post Below). Roll up intraexpiry at 50% max with > 45 days until expiry; pull off on approaching worthless and/or sell call against if assigned.

Transaction en cours:

Rolling up to the 313 strike intraexpiry for an .86 credit. Total credits collected of 3.91. ROC at max now 1.27% as a function of notional risk.

Transaction en cours:

Rolling up to the 334 strike with 59 days to go for a realized gain and a 1.50 credit. Total credits collected of 5.41; ROC% at max now 1.65% as a function of notional risk.

Transaction en cours:

Rolling up to the 346 strike with 52 days to go for a 1.06 credit; total credits collected of 6.47. ROC %-age now at 1.91% at max.

Transaction en cours:

With the 346 at around 50% max, rolled it out today for a realized gain of about 1.70 ($170) to the March 31st 358 for a 2.00 credit. Total credits collected of 8.47. ROC %-age at max now at 2.42% as a function of notional risk.

Transaction en cours:

Rolling the March 31st 358 (22 DTE) out to the April 23rd 357.5 (45 DTE) for a realized gain and a 1.96 credit. Total credits collected of 10.43 with an ROC of 3.01% as a function of notional risk.