fuzzballl 7:17 am on Friday, June 9, 2017
Tags: IRA ( 431 ), LongCallDiagonals ( 99 ), ShortCalls ( 979 )

EWZ

#ShortCalls – Bought to Close EWZ JUN 16 2017 37.0 Calls @ .03 (sold for .65)

These were sold against July Bull Put Spreads. I’ll be looking to sell ’em again somewhere…

#ira, #longcalldiagonals

jsd501 7:19 am on Friday, June 9, 2017

I think you will get a better price on Monday when I plan on selling the calls against my 2019 long call position.
- fuzzballl 7:23 am on Friday, June 9, 2017
  
  Could be. I’m considering just booking the July bull put spreads for decent profit without selling against them again. Still leaves Jun 30th strangles and the long call diagonal position.
  - jsd501 7:29 am on Friday, June 9, 2017
    
    You have 84 more weeks to sell the weekly calls. That is my game plan.
    - fuzzballl 7:36 am on Friday, June 9, 2017
      
      I had 3 other positions on too playing this bounce…LOL Booked them but still playing the long call diagonals.
      - rknight52 7:51 am on Friday, June 9, 2017
        
        What strikes for your long calls and are you selling weekly or monthly calls against?
        
        fuzzballl 7:53 am on Friday, June 9, 2017
        
        Right now I’m short July monthly 36.5s in the long call diagonal trade. That’s up at the 50ma resistance…long calls are 30 strike out in Jan 2019.
        
        fuzzballl 7:56 am on Friday, June 9, 2017
        
        Here’s the original post from May 19th…
        
        EWZ Whiz style
        
        #LongCallDiagonals #IRA – Adding one of his with modified strike prices…he uses long delta 80 Leaps and just buys protective puts 20 percent below the current price. I generally buy about delta 70 Leaps and sell bull put spreads to reduce the entry fee. Either way though, sell front month to reduce basis.
        
        Bought Jan 2019 30 calls and sold Jan 2019 25/20 Bull put spreads (and sold May 26 35.5 calls against these). Net debit of 6.35.
        
        With 87 weeks to go front month calls don’t need to bring in much at all for this to be a zero cost trade…
        
        rknight52 8:02 am on Friday, June 9, 2017
        
        Thanks. That helps me see the bigger picture. Didn’t know you were out to Jan 2019. Will look at this idea.