... for a 2.54 credit.
Comments: Targeting the <16 delta strike in the expiry nearest 45 days paying around 1% of the strike price in credit to emulate dollar cost averaging into the broad market.
Will pause a bit here with additive long delta trades to focus on the housekeeping of shorter duration rungs. I will want to see what I want to (or have to) take assignment of shares on, since this will affect net portfolio delta and inform how much short delta I need to have on to remain "delta comfortable." Covered calls, after all, are more long delta heavy than far out-of-the-money short puts.
Comments: Targeting the <16 delta strike in the expiry nearest 45 days paying around 1% of the strike price in credit to emulate dollar cost averaging into the broad market.
Will pause a bit here with additive long delta trades to focus on the housekeeping of shorter duration rungs. I will want to see what I want to (or have to) take assignment of shares on, since this will affect net portfolio delta and inform how much short delta I need to have on to remain "delta comfortable." Covered calls, after all, are more long delta heavy than far out-of-the-money short puts.
