anyone watching the june spy deep out of the money puts?

Yes, Robbie - that's what you are missing, as I tried to explain (but obviously failed).

IMHO, far too much risk (even though it's a tiny risk) to earn so little. And it takes far too much time to do it. You can do better than that.

Mark

 

I don't know what the prices were on Friday, but now a June 40 P is .36x.40 and a June 45 P is .62x.65. Assuming you can get a fill in the middle, you'll net .13. If you're paying $1 a contract in commission, you'll net .11.

 

If you put it on now with current bid/ask spreads you'd net .07 before commissions.

 

i put on a different spread in april that i think has a chance of getting near the low strike that gave me a 75 cent credit. we shall wait and see how things work out.

 

I would rather sell the penny put