... for a 2.37 credit.
Comments: Keeping on keeping on in this weakness ... . Targeting the <16 delta strike paying around 1% of the strike price in credit in the expiry nearest 45 days.
Currently, I have a couple "rungs" that are in-the-money and will consider taking assignment of shares on some of the higher rungs if I can't roll, strike improve, and receive a decent credit without going out ridiculously long-dated. A couple are high delta strikes, and it may be more advantageous from a delta standpoint to allow assignment and then sell call against (since that will probably result in a lower delta setup where the short put strike is currently at >90 delta, for example). Additionally, deep in-the-money shorts can be illiquid, so taking assignment and selling call against might be "cleaner," since the calls against will be out-of-the-money and more liquid.
Naturally, I'll address each rung as we close in on 7 DTE, which is when I like to do my rolls on these.
Comments: Keeping on keeping on in this weakness ... . Targeting the <16 delta strike paying around 1% of the strike price in credit in the expiry nearest 45 days.
Currently, I have a couple "rungs" that are in-the-money and will consider taking assignment of shares on some of the higher rungs if I can't roll, strike improve, and receive a decent credit without going out ridiculously long-dated. A couple are high delta strikes, and it may be more advantageous from a delta standpoint to allow assignment and then sell call against (since that will probably result in a lower delta setup where the short put strike is currently at >90 delta, for example). Additionally, deep in-the-money shorts can be illiquid, so taking assignment and selling call against might be "cleaner," since the calls against will be out-of-the-money and more liquid.
Naturally, I'll address each rung as we close in on 7 DTE, which is when I like to do my rolls on these.
