Opening (IRA): SPX November 26th 4005/4055 SPV*
... for a 4.80 credit.
Comments: Selling the 16 delta, buying the long 50 strikes out from there; it pays what it pays. Will generally look to take profit at 50% max.
* -- Short Put Vertical.
Comments: Selling the 16 delta, buying the long 50 strikes out from there; it pays what it pays. Will generally look to take profit at 50% max.
* -- Short Put Vertical.
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