I closed my TLT August 129/132 vertical call spread for a profit today. While TLT was trading at $123.33, I bought my six short TLT August $129 calls for $0.14 and sold my six long TLT August $132 calls for $0.04. The net spread purchase was for $0.10 and I paid $72.71 including $12.71 in…
Tag: TLT
Sold August TLT Vertical Call Spread
After a hiatus since my last TLT losses, I’m back in the 20-year treasury ETF with a better strategy. As I did when I first started trading TLT years ago, I hedged this trade so I don’t repeat the same idiotic mistake from last summer. The non-hedged income was great until TLT hit a new…
Finished TLT Position
The last of my TLT limit orders hit this afternoon and I am finally completely out of my long series of TLT trades. While TLT was trading at $121.40, I bought to cover 500 shares of TLT at $121.40 and bought to close five TLT December $130 covered puts for $8.94. The combined order sold…
Updates on TLT, IWM, and MDY Options
Last week I mentioned I was in the process of starting over with my allocation. I’m moving slowly, but moving forward nonetheless. At the open, when TLT was trading at $121.15, my limit order hit and I bought to close 500 short shares of TLT for $121.15 and bought to close five TLT December $131…
Account Cleaning, Starting with TLT
I had a bad run with my TLT options and short shares and then it turned in my favor, but I didn’t close (or at least roll) my covered puts in time to make up as much as I would’ve liked. I could push for a better gain by rolling my put strikes lower or…
Options Expiration – October 2016
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,…
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…
Rolled TLT $136 Puts in Calendar Spread
I picked a good day to roll my options, but could’ve timed it better. That’s the story of this series of TLT trades I’ve been working since last year. Then again, as long as TLT is dropping, I can’t be too upset. My September TLT options had gotten cheap enough to exit and figured I…
Rolled Sept TLT Covered Puts
I have two legs of TLT September covered puts and decided I needed to roll some of them today. I meant to do this earlier, but have been focused on my work in client accounts more than my personal trading. While TLT was trading at $140.00, I bought to close five TLT September $132 puts…