Hey guys, quick poll. I have a TSO position that was assigned at 87.5. After 11-12 weeks of rolling (lost count) have the cost basis down to 77 and change. Currently short the 83 calls and stock at 83.09 so should be assigned at end of week.
I can A. roll the calls for more cash, right now generating about 1 dollar a week per contract
B. Get assigned and the cash will free up a ton of margin for other trades
I am profitable either way but right now I am not seeing a lot of premium in other names, especially on the weeklies. I am leaning towards B but have not really been able to find a weekly with the same premium.
Thoughts or anyone else seeing good premium in weeklies that I have overlooked?
$SPX 5/26 2465/2440 BECS 99% profit
#VIXIndicator As if we needed more confirmation that this market is bullish.
I’m short some NUGT 36.0 Calls(Covered) and some DUST 29.0 Puts for Friday.
I will have to ride both positions into Friday’s close to see which positions expire and which I need to cover or roll. Should be interesting.
$TSCO #ShortPuts #FallingKnife – Sold 1 TSCO Jan 19 2018 45.0 Put @ 1.40 with the stock at 52.95
$SVXY – it’s looking like the SVXY Puts at 148 that I rolled down last Friday to 145 for this week will expire. Of course I could have taken the stock and done OK too.
$VIX now at 9.93.
#PairsTrade #ShortCalls – The July meal is starting to digest so back to the buffet for December…they both can’t lose!
Selling the highest available strikes:
Sold DUST DEC 15 2017 50.0 Call @ 3.90
Sold NUGT DEC 15 2017 58.0 Call @ 4.30