NaughtyPines

OPENING (IRA): SPY JULY 16TH 250 SHORT PUT

AMEX:SPY   SPDR S&P 500 ETF TRUST
... for a 2.55/contract credit.

Notes: Targeting the strike paying around 1% of the strike price in credit as part of a longer-term strategy. (See Post Below). Generally, roll up with >45 days until expiry for realized gain and additional credit.
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