Opening (IRA): SPX November 5th 4010/4060 Short Put Vertical

By NaughtyPines
... for a 4.30 ($430) credit.

Comments: Selling the 16, buying the long 50 strikes out from there, this time in the November 5th (49 Days) contract, where implied is at 21.6%. (I did one earlier in the day in the October 29th). 9.4% ROC at max as a function of buying power effect; 4.7% at 50% max.
Beyond Technical AnalysisoptionsstrategiespremiumsellingshortputverticalSPX (S&P 500 Index)

Disclaimer