Opening (IRA): GDXJ October 20th 32 Short Puts

... for a .72/contract credit.

Comments: One of the higher IV underlyings in my options liquid ETF screener at 34.4%. Going a little more aggressive here, selling the 25 delta strike.

Will generally look to take profit at 50% max and/or (a) roll down and out for a credit if tested; or (b) take assignment of shares and sell call against.

עסקה סגורה: היעד הושג:

Quickee ... dirtee ... . Hit 50% max today. .36 ($36) profit/contract.