XRT has an IVR of 70%, $39 strike put is offering 1.69% ROC in Sept, with 73% chance of success.
Sold Sept 15 $39 put for $.66/contract.
Sold Sept 15 $39 put for $.66/contract.
Trade closed: target reached:
Difference between 40 & 50% on this trade was insigificant, so I took the 40% winner when I got a chance. This frees up buying power as well.
Closed for $.39 db.
Closed for $.39 db.