TRADE IDEA (IRA): EMB JUNE/JULY 94/92 SHORT PUT LADDER
Although IV is not ideal here (20.1%), this is another one I've had on my IRA shopping list with its current yield of 4.98% and divvies paid monthly.
I would go only two rungs at the moment, since there are only June and July expiries currently available, with the next available in September, with liquidity progressively waning as you go out in time. The two-rung in June/July is paying 2.70 at the mid, with a three-rung at the June 94, July 92, and September 90 strikes, paying 5.22. Naturally, a buying-power heavy proposition ... .
I would go only two rungs at the moment, since there are only June and July expiries currently available, with the next available in September, with liquidity progressively waning as you go out in time. The two-rung in June/July is paying 2.70 at the mid, with a three-rung at the June 94, July 92, and September 90 strikes, paying 5.22. Naturally, a buying-power heavy proposition ... .
