Making extra income on IWM position

Last week I initiated a position on IWM – click here to see the exact trade

sell to open naked call

I sold to open a naked call today after a good run up in the market. This is a weekly option.

So the idea is to sell a shorter expiry call option against the longer term short put because it doesn’t require extra margin.

For the records:

Sell to open put premium collected: $151.43
Sell to open call premium collected: $38.44

Total so far: $189.87

Warning! This is not a trade recommendation. If you copy my trades – you will lose money.

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