Option Investor

Option Writer Portfolio - April

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SPY - the March quarterly option we sold a couple of weeks ago expires at the close of today. That leaves us with available margin to sell another SPY put. The near term support on the S&P 500 is around 129. So we are suggesting selling the 129 put for April expiration. The initial return isn't quite our 10% goal. But the return on money used is pretty good when combined with the 127 strike quarterly expiring today.

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