Comments: Selling the 16 delta, buying the 14 to emulate dollar cost averaging into the broad market with more room to be wrong than buying shares at market. 9.2% ROC at max; 4.6% at 50% max. Generally, will take profit at 50% max; loss at 2 x credit received.
Naturally, yesterday would've been the better day to put this on (i.e., in weakness, higher implied volatility).
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