OPENING (IRA): EWZ OCTOBER/NOVEMBER/DECEMBER 24/25/26 SHORT PUT

... ladder for a total of a 2.34 credit.

Notes: The highest 30-day on the exchange-traded fund board. Will run to approaching worthless/if assigned -- cover. Current yield of 3.38%.

Trade aktif:

Out of the October 16th 26 for .20 and selling the January 18th 24 for .82 with 30-day at 43.1% and expiry-specific IV at 38.9%. Scratch at 2.34 - .20 + .82 = 2.96.

Trade aktif:

With 30-day at 45.9% and expiry-specific at 40.3%, selling the January 18th 22 put for .79. Scratch at 2.96 + .79 = 3.75.

Trade aktif:

Out of the November 20th 25 for .02 today; scratch at 3.73. Remaining setup: December 24P/January 24P/January 22P. 30-day remains decent here at 40.5%, but will wait until we get some weakness to add.

Trading ditutup secara manual:

Out of the December 24P for .08, the January 22, for .10; and the January 24 for .18. Total credits received of 3.73 minus .08 minus .10 minus .18 = 3.37 ($337) profit in total.