Rolled (IRA): IWM June 17th 179 Short Put to July 22nd 169
... for a 1.03 credit.
Comments: Mechanically rolling out at 50% max to the <16 delta strike paying around 1% of the strike price in credit in the expiry nearest 45 days. Total credits collected of 3.76 (See Post Below) plus the 1.03 here for a total of 4.79 relative to the July 22nd 169 short put value of around 1.80, so I've realized gains of 2.99 ($299) so far.
Doing this reduces risk not only because the strike is lower, but also because I collected a credit to do it, reducing my cost basis even further.
Comments: Mechanically rolling out at 50% max to the <16 delta strike paying around 1% of the strike price in credit in the expiry nearest 45 days. Total credits collected of 3.76 (See Post Below) plus the 1.03 here for a total of 4.79 relative to the July 22nd 169 short put value of around 1.80, so I've realized gains of 2.99 ($299) so far.
Doing this reduces risk not only because the strike is lower, but also because I collected a credit to do it, reducing my cost basis even further.
