Jeff 10:59 am on Monday, June 13, 2016
Tags: CoveredPuts ( 44 ), ShortStock ( 77 )

FB covered put

#ShortStock #CoveredPuts STO $FB July 8th 108 put for 1.20

Bob King 11:19 am on Monday, June 13, 2016

Jeff – I own the $SPX June 17 2105/2120 BeCS @6.6cr. Would it make any sense to make this a strangle, by adding a BuPS of some sort rhrn? Would this be just good insurance against the FED’s actions tomorrow? Your thoughts, please.
- Jeff 11:24 am on Monday, June 13, 2016
  
  Yes, it is definitely a decent time too sell puts, however selling in the monthly expiration adds the danger of Friday morning settlement risk (last time you can trade is Thursday, 4:15pm ET, but they settle based on Friday’s OPENING price). I would not recommend having short options within 40 points of SPX price at Thursday’s close (meaning you should close that call spread unless we are below 2065). So depending how far you are comfortable selling, you can consider it. You could also look at the SPXPM options that settle on Friday’s close. Liquidity will be lower and the spread would require separate margin from your Thursday call spread.

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