NaughtyPines

Closing (IRA): TAN November 19th 70 Short Puts

AMEX:TAN   Invesco Solar ETF
... for a .15/contract debit.

Comments: Plain Jane profit-taking here on approaching worthless. In for 1.19 on weakness and >35% implied (See Post Below); out here for .15/contract with 31 days to go in the contracts. 1.04 ($104) profit per contract. Implied isn't horrible here at 41.2%, but liquidity in the options has dropped off somewhat, and it isn't exactly "weak" anymore.
Aviso legal

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