Opening (IRA): SPY June 20th 375 Short Put... for a 3.74 credit
Comments: High IVR/>21 IV. Starting to ladder out here, targeting the strike paying around 1% of the strike price in credit.
Will generally look to roll up at 50% max to the strike paying around 1% of the strike price in credit if >45 DTE remain in the expiry and IVR/IV remains sufficient to collect 1% of the strike price in credit at 16 delta or less.
