I paired my SPY 87 Nov Put write with writing a SPY 87 Nov Call. Both are covered, the call with 100 shares of SPY, the put with cash. The account value is down to $20,417 with -$1360 the present market value of the straddle. Ideally SPY with stay within a small range of 87 and the straddle will expire worth very little. The worst case scenario is that SPY falls like a rock and eats into my put. I’ll keep things update periodically, regardless of how the market winds blow.