... for a 5.10 credit.
Notes: Putzing with a "10%-er." It's a 10%-er due to the fact that the credit received is 10% of the width of the spread. Here, I'm receiving 5.10 on a buying power effect of 44.90, which would be 11.36% ROC at max as a function of buying power effect (5.68% at 50% max) or 92.14% annualized at max, 46.07% at 50% max.
A comparable SPY naked short put would be at the November 20th 299 strike, paying 2.87 as of the writing of this post on a buying power effect of 296.13, which is nearly six times the buying power effect of the 50-wide SPX spread.
Because it's a spread and SPX is a cash-settled instrument, I won't be able to "wheel" this trade as I would a SPY short put (i.e., I won't be able to take assignment and then sell a call against), so I can either (a) sell short call vertical against to defend or (b) manage it at 50% max or take it off at a given loss metric, such as 2 x the credit received. I'll be doing the latter here.
The comparable SPY setup would be a 5 wide, paying at least .50 on a buying power effect of 4.50.
Notes: Putzing with a "10%-er." It's a 10%-er due to the fact that the credit received is 10% of the width of the spread. Here, I'm receiving 5.10 on a buying power effect of 44.90, which would be 11.36% ROC at max as a function of buying power effect (5.68% at 50% max) or 92.14% annualized at max, 46.07% at 50% max.
A comparable SPY naked short put would be at the November 20th 299 strike, paying 2.87 as of the writing of this post on a buying power effect of 296.13, which is nearly six times the buying power effect of the 50-wide SPX spread.
Because it's a spread and SPX is a cash-settled instrument, I won't be able to "wheel" this trade as I would a SPY short put (i.e., I won't be able to take assignment and then sell a call against), so I can either (a) sell short call vertical against to defend or (b) manage it at 50% max or take it off at a given loss metric, such as 2 x the credit received. I'll be doing the latter here.
The comparable SPY setup would be a 5 wide, paying at least .50 on a buying power effect of 4.50.
İşlem kapandı: hedefe ulaştı
Hit 50% max today. In for 5.10, out for 2.55 today, $255 profit in 6 days; 5% ROC, 304.2% annualized.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, alım satım veya diğer türden tavsiye veya öneriler anlamına gelmez ve teşkil etmez. Kullanım Koşulları bölümünde daha fazlasını okuyun.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, alım satım veya diğer türden tavsiye veya öneriler anlamına gelmez ve teşkil etmez. Kullanım Koşulları bölümünde daha fazlasını okuyun.