fuzzballl 6:44 am on Friday, February 24, 2017
Tags: PerpetualRollingStrangles ( 116 )

TLT

#PerpetualRollingStrangles – Booking a winner with TLT reversing. Looking to re-center and re-sell at some point.

Bought to Close TLT MAR 10 2017 116.0/122.0 Strangles @ .90 (sold for 1.31)

fuzzballl 6:58 am on Friday, February 24, 2017

Replacing the March 10th with next week:

Sold TLT MAR 3 2017 119.5/122.5 Strangles @ .62
thomberg1201 7:03 am on Friday, February 24, 2017

I was assigned TLT and have been selling covered calls-and loving it. It has kept this nice range.
- fuzzballl 7:06 am on Friday, February 24, 2017
  
  It’s a fun one. Just selling a handful of strangles and trading around them they’ve brought in about 70 points in premium since late Oct. Huge return on the low margin required. Could’ve been even better if it hadn’t tanked shortly after starting this experiment.