Kelly 8:07 am on Thursday, October 5, 2017

TLT

@fuzzballl What is your current position with rolling strangles on $TLT?

fuzzballl 8:11 am on Thursday, October 5, 2017

Nov monthly inverted strangles…

121 and 123 calls (6 each)
127 and 130 puts (6 each)

$5400 margin to hold the position and TLT up $6800 YTD.

Slightly long delta and $31 per day theta

Been meaning to throw together an update using real numbers just to give everyone an idea of how it’s working….
- fuzzballl 8:13 am on Thursday, October 5, 2017
  
  I had to go out to Nov with my last call roll. They were in the money enough to where I was in danger of getting exercised again for the dividend. Went ahead and rolled the puts out there to.

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