Ladderedshortputs
OPENING (IRA): XLU APRIL 17TH/JUNE 19TH 52/50 LADDERED PUTS... for a 2.75 credit.
Notes: Another underlying that has been on my IRA shopping list for a bit. The yield is 2.84% here, but would be better with an acquisition at 52, since the annualized dividend is 1.91 (1.91/52 = 3.67%). Only doing two rungs due to liquidity degrading somewhat as you go out in time.