... for a 1.78 credit.

Comments: This is a delta hedge against my Sept 4th and Sept 11th iron condors, which have skewed net delta negative, where their respective short put vertical aspects just aren't providing that much pro anymore, and where their duration (28 DTE, and 35 DTE) are getting a little bit short in duration to the short put verticals up.

It is probably not good standalone trade, since the general preference would be to enter a directional on weakness and higher IV, but you gotta do what you gotta do ... .