Opening (IRA): TLT July 19th 83/August 16th 83 Short Puts
Comments: Getting in at strikes better than what I currently have on in July and August.
July 19th 83: Filled for an .85 credit
August 16th 83: Filled for a 1.11 credit
I'm fine with potentially getting assigned with shares at 83, since they're way below the cost basis of the covered calls I currently have on. I knew this might end up being a very, very long duration trade that would potentially take time to work out, but ... yeesh, the weakness.
Will look to roll out the most at risk strikes I've got in July (at the 86) and August (at the 85) at some point ... .
July 19th 83: Filled for an .85 credit
August 16th 83: Filled for a 1.11 credit
I'm fine with potentially getting assigned with shares at 83, since they're way below the cost basis of the covered calls I currently have on. I knew this might end up being a very, very long duration trade that would potentially take time to work out, but ... yeesh, the weakness.
Will look to roll out the most at risk strikes I've got in July (at the 86) and August (at the 85) at some point ... .
Trade chiuso manualmente:
Closed the July 19th 83's for a .28 debit. .62 ($62) profit. Just reducing risk a smidge here ... .
Trade chiuso manualmente:
Closed the August 83's for .25; .86 ($86) profit.