NaughtyPines

Opening (IRA): SPX 4065/4115 Short Put Vertical

Long
SP:SPX   S&P 500 Index
... for a 4.50 credit.

Comments: Selling the 16, buying the long 50 strikes out from there on this weakness, uptick in volatility. 9.9% ROC at max as a function of buying power effect; 5.0% ROC at 50% max.
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