Actually I have been looking at the IWM. I know I keep asking the same question, but I'm wondering about the timing.
A June 19th 58 put is 1.37 or 2.4% for one month. Or the June 30th put is 1.61 (2.8%)
Tha August is 3.00 or 5.2% for 90 days or 1.7% a month a hair less actually if you figure compounding in).
Plus since you're holding the June for a shorter period your exposure is less. Wouldn't it be better to sell the June? Or are you talking about scaling in, 1/3 Jun19th, 1/3 Jun30th, 1/3 Aug?
Lou
--- In ConservativeOptionStrategies@yahoogroups.com, "joe & leigh" <gass20@...> wrote:
>
> spy june 99 strike for 2.15,
> iwm august 58 strike for 3.00,
>
> 10 contracts each
>
> both 10% in the money
>
> drjoe
>
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