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NaughtyPines

Opening (IRA): SPY August 16th 450 Short Put

Long
SPDR S&P 500 ETF TRUST (BATS:SPY)  
NaughtyPines  
BATS:SPY   SPDR S&P 500 ETF TRUST
Beyond Technical Analysis SPDR S&P 500 ETF (SPY) optionsstrategies premiumselling shortput
1
0
beyondta spy optionsstrategies premiumselling shortput
... for a 4.50 credit.

Comments: Targeting the <16 delta strike paying around 1% of the strike price in credit to emulate dollar cost averaging into the S&P 500 ETF.

Here, adding a strike better than what I currently have on in the August expiry.

Will generally look to take profit at 50% max.
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