I added in more short puts into Nucor Stock (NUE) this morning.
Nucor Stock (NUE)
Trade 1: Dec 17 Expiry
Sold 20 put contacts for Dec 17 expiry at the $100 put strike for $0.45
I am buying 20 put contracts for Dec 17 expiry at the $80 put strike for $0.05
This forms a $20 credit put spread when completed, returning 2.0% if held to expiry
I have offers in to buy to close early starting at 20 cents and I will reduce that amount leading to expiry next week.
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