I had no options expire today, but did roll one of my legs of TLT covered puts. I also considered selling covered calls on my long (MDY, IWM, and DIS) positions finally, but couldn’t pull the trigger. The upside potential is just too small for what I want right now. I think my brain is a little skewed…
Tag: TLT
TLT Chart – July 8, 2016
The chart below shows the monthly prices for the past 10 years on TLT, an ETF that tracks the US 20-year Treasury Index, after closing the week at $143.60, on July 8, 2016. Technical indicators are not infallible, but are popular because they provide accurate guidance in most instances, especially when multiple indicators issue the same signals,…
Small TLT Option Trade
I still had 300 shares of TLT that I was short without any options surrounding them after selling new TLT covered puts earlier this week. When TLT spiked again today, I was close to another margin call and was thinking about taking a realized loss on some of the shares. Before I made that trade,…
Trades Prompted By Margin Call
I hate those days when I wake up to see a stock or ETF I’m short has jumped $2+ premarket. Today was another one of those days for TLT. I knew the risk of another margin call was close and had my plan of action in place. Since I had 300 shares of IWM I…
Closed TLT June Call Options
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…
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…
Closed TLT May Call Ratio Spread
Taking a loss is never fun, but I should’ve done it sooner maybe. My ratio call spread on TLT set to expire in May didn’t quite go as planned. While TLT was trading at $128.43 this afternoon, I bought to close 10 TLT May $126 calls for $2.85 each and sold to close 20 TLT…
More TLT Adjustments
Last month, my margin balance forced me to buy back 600 of my short TLT shares for a loss and then IB wouldn’t let me sell puts to cover my remaining shorts. TLT has fallen more since then, so I decided to test the waters again now that those trades have long since settled. I…
Options Expiration – March 2016
The only March option I had remaining coming into today was one TLT March $125 naked call. The other nine, out of my initial 10 March calls, were assigned at the end of February, but I was left with this single contract to deal with. After the nine TLT March $125 calls were assigned at the…