I’ve been looking forward to today’s expiration for a while. Today is the day I finally get to close my TLT shorts and realize the gain that’s been building up. I’ve taken some of the gains along the way through puts and calls that have expired worthless or that I rolled for a profit. It’s…
Month: May 2015
Sold TLT Naked Calls Again
When TLT started its steep decline last week I started to get comfortable with the idea that my short position would finally be closed at next week’s May option expiration. I’m short 700 shares of TLT and have covered puts at the May $128 strike and naked puts at the May $134 strike. While it’s possible for…
End of the Month Summary – April 2015
April was a good month for me. I came out much better than the broad indexes and owe most of that to TLT moving in my favor finally and a small amount to my couple of hedges that moved to a profit. I only have three option positions set to expire in May. Two of…