October options expiration worked out better for me than I expected just a few days ago. After I overpaid to roll my TLT October $135 puts earlier this week (compared to the price today), I was able to roll my TLT October $133 puts for nearly a full profit. While TLT was trading at $133.31,…
Month: October 2016
Rolled TLT Covered Puts Lower
I didn’t time my trade well today, but I think it was the right trade to make for a longer-term outlook on TLT. While TLT was trading at $131.92, I bought 5 TLT October $135 puts and sold 5 December $131 puts for a net premium of $1.53 paid per combination. I paid $772.12, including…
SPY Chart – YTD Through October 7, 2016
The chart below shows the daily prices for the year-to-date on SPY, an ETF that tracks the S&P 500 Index, after closing the week at $215.04, on October 7, 2016. While the large intraday price swings seen recently make the markets seem out of control, stock indexes have been moving in a tight trading range. The SPY chart…
End of the Month Summary – September 2016
My account had another good month as I clawed back a little more of my paper losses and edged back above $80,000 again. TLT (no surprise) was the biggest factor in my gains as my short shares fell in price (resulting in a gain for me) and most of my covered puts lost value (resulting…