NaughtyPines

Opening (IRA): HYG November 18th 69 Short Put

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AMEX:HYG   iShares iBoxx $ High Yield Corporate Bond ETF
... for a .42/contract credit.

Comments: Targeting the strike paying around what the distribution would be were I to actually be holding shares. The last distribution was .351 per share; 5.19% annualized.
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