I spent some money today, $3,752.39 to be exact. As I did at the end of May, I closed out my ratio spread on TLT that included short in the money calls. TLT dropped hard at the open, down nearly a $1 and I jumped on the opportunity to get out of my short option…
Month: May 2016
Options Expiration – May 2016
I only had two options expire today – 10 TLT May $125 covered puts and three TLT May $134 naked calls. Both legs were set to expire worthless and I planned to sell new puts and calls for July, but margin limitations didn’t agree with my plans. Since both legs were far enough out of…
End of the Month Summary – April 2016
My account continued to regain value in April even after March’s amazing month of gains. My account value peaked a few thousand dollars higher than I finished, but still am happy to have another solid month in the books. I expect May to help me again, but it will really depend on how bonds move…