Opening (IRA): EWZ July 19th 28 Short Put
Updated
... for a .65 credit.
Comments: Adding a short put element to my EWZ covered call ... . Here, it was either sell the 21 delta 27 for .36 or be more aggressive and sell the 30 delta for .65.
Do I really want more shares of EWZ? Not particularly. That being said, IV isn't horrid here at 26.5%, and there is the divvy to be had (8.20% annualized) so picking up additional shares wouldn't necessarily be a bad thing ... .
Comments: Adding a short put element to my EWZ covered call ... . Here, it was either sell the 21 delta 27 for .36 or be more aggressive and sell the 30 delta for .65.
Do I really want more shares of EWZ? Not particularly. That being said, IV isn't horrid here at 26.5%, and there is the divvy to be had (8.20% annualized) so picking up additional shares wouldn't necessarily be a bad thing ... .
Trade active
Rolling this out to the August 16th 28 for a .25 credit. .90 credits total collected; 27.10 break even.Trade closed manually
Since I have better Sept rung on at the 25, closing this here for a small loser while I can. Closed for a .96 debit; .06 ($6) loser.
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