#PerpetualRollingStrangles – Picking up another nice monthly “dividend”…

Rolled TLT NOV 17 2017 130.0 Puts to TLT DEC 15 2017 130.0 Puts @ .30 credit…

Current positions now all in December bringing in $44 per day of theta. I felt this was a pretty important thing to remember about these “forever” trades. Time decay is time decay…whether in the money or not, it’s the same. As long as the deltas are reasonable just keep on collecting. Easily bringing in 150% on margin annually.

December:

121.0 Calls and Puts
123.0 Calls
127.0 Puts
129.0 Calls
130.0 Puts

Slightly long deltas…