Meanwhile, we could all do worse than to buy QCMike's DIS spread from him:

• 10 DIS 2017 $105 calls at $18.50 ($18,500)
• 10 DIS 2017 $120 calls sold for $10.50 ($10,500)
• 10 2017 $100 puts sold for $6.79 ($6,700)

That's net $1,300 on the $15,000 spread which is starting out $10,000 in the money.  If I had an IRA, I would just sell 3 of the 2018 $125 puts for $23.25 ($6,975) and it's about the same net with a $37,500 margin requirement so, if you net back $13,975 your return on margin in the IRA is 37.3%.  

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