Opening (Margin): /ES September 29th 2100 Short Put... for a 3.00 credit.
Comments: Targeting the strike that is 50% of current price that is paying around 3.00 in credit. 1.50/$150 max (due to the multiplier) on buying power of 9.23/$923; 16.3% ROC as a function of buying power at max; 8.1% at 50% max.
A basic bet that we don't see 2100 by the end of September in the S&P 500; alternatively, a bet that my order to close this will hit 50% max before then.
Naturally, if we get higher volatility and weakness, I'll look to add in shorter duration/better strikes.
