AAPL 17APR SHORT PUT

[IgorKeymaster]

AAPL AT 241

I’m selling an OTM put with an Implied POP around 90%

I’m looking for a return on capital around 20% per ann. We talked about the process of strike selection in the chat:

Here’s my thought process for a new trade in AAPL
I’m going to sell an OTM put and I’d like to have a 20% Return on capital that will be used to secure this trade
Selling 190P, 15DTE for 1.65
Credit: 165
BPR: 19,000
ROM: 0.86% over 15 days
If this trade generates 0.86% every 15 days, that’s 21.13% over 365 days
190 PUT is a 8 delta and based on current IV, there’s a 90% prob this put expires OTM

 

Order Ticket
Type	Asset	Duration	Strike	C/P
Sell To Open	AAPL	17APR	190	PUT
Total Credit:			1.60

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