OPENING (IRA): SLV NOVEMBER 6TH 19 SHORT PUT... for a .37/contract credit.
Notes: Now that I look at it, the weeklies are super liquid. With 30-day at 47.8%, selling the strike nearest the 16 delta/45 days until expiry. That .37 ($37) doesn't seem like much, but as a function of notional risk, it's 1.99% ROC at max/17.3% annualized as a function of notional risk.
Full position is the November 6th 19P, November 20th 21P, November 20th 18P.
Break Even: 18.63