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SPDR S&P 500 ETF TRUST
Long
Updated

Opening (IRA): SPY March 15th 395 Short Put

158
... for a 4.15 credit.

Comments: Adding a rung in the first quarter, targeting the shortest duration <16 delta put paying around 1% of the strike price in credit to emulate dollar cost averaging into the broad market. Since I have next to nothing on, I'll look to add on weakness and/or upticks in IV ... .
Trade closed: target reached
Hit 50% max, closing for a 2.07 debit. 2.08 ($208) profit. Out of all my broad market (IWM, QQQ, SPY) short put rungs. Remaining positions are in TLT and XBI, which I'll do housekeeping on shortly.

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