Opening (IRA): IWM December 29th 167 Short Put

Updated
... for a 1.75 credit.

Comments: Targeting the shortest duration <16 delta short put paying around 1% of the strike price in credit to emulate dollar cost averaging into the Russell 2000 exchange-traded fund.
Trade closed: target reached
Hit 50% max today; out for an .87 debit. .88 ($88) profit.
Beyond Technical AnalysisIWMoptionsstrateigespremiumsellingshortput

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