#CoveredCalls – Meant to roll this sooner but forgot about it. Exercised early on a call for this Friday. Unfortunately I sold it in the hole figuring the market wouldn’t rally to ridiculous levels. Exercised at 45 with a basis of 63 so an 18 point loss.

To replace this position: (exercised on 1 but selling 2 to keep the new puts at reasonable levels)

Sold 2 TNA JUL 19 2019 65.0 Puts @ 9.50

If the stock continues up the entire position is a 50 cent winner. If it implodes I’ll have the shares at a 64.50 basis which seems reasonable given the circumstances.