Rolling (IRA): SPY April 14th 375 to May 20th 408
... for a 3.75 credit.
Comments: Unfortunately, shorter duration isn't paying what I would like to see in SPY, so rolling it out to the monthly <16 delta strike paying at least 1% of the strike price in credit. I've collected a total of 4.00 (See Post Below), plus the 3.75 here for a total of 7.75 with the 408 currently paying 3.91, so I've realized gains of around 3.84 ($384) so far. Still have April 14th, April 22nd, April 29th, May 20th, and June 17th rungs on to play with.
Comments: Unfortunately, shorter duration isn't paying what I would like to see in SPY, so rolling it out to the monthly <16 delta strike paying at least 1% of the strike price in credit. I've collected a total of 4.00 (See Post Below), plus the 3.75 here for a total of 7.75 with the 408 currently paying 3.91, so I've realized gains of around 3.84 ($384) so far. Still have April 14th, April 22nd, April 29th, May 20th, and June 17th rungs on to play with.
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