ROLLING : SOLD -2 CALENDAR EEM 100 17 SEP 21/20 AUG 21 52 PUT @.41 CBOE
EEM have had tough days recently due to rout in China. So we need to get more time on this.
Hence rolling it out from Aug to Sep expiration for additional credit of $0.41 premium i.e. closing the Aug short put and opening the Sep short put both in a single trade.
With this, we have now collected about $1.03 in premium which is close to 2% of the strike price.