Jeff 10:14 am on Tuesday, June 4, 2019
Tags: LongLEAPs ( 81 ), SyntheticCoveredCalls ( 228 )

Long Leaps still kicking

#LongLEAPs #SyntheticCoveredCalls Still holding long leaps, both underwater but cost basis now about zero after all these calls I have sold. I also ended up long some TQQQ stock at 58.00, which I will hold for the eventual recovery.

Sold $TQQQ June 14th 52 calls for 1.15.
Sold $SQ June 14th 64 calls for .97

fuzzballl 10:47 am on Tuesday, June 4, 2019

You’re doing better than me. I got run over in the Dec thru Apr rally and have been trying to roll ITM weeklies the entire time. Need this market to stay down thru Jun expiration to get my weeklies back in play.
- Jeff 10:48 am on Tuesday, June 4, 2019
  
  I’ve taken some lickings but I just chose to stop the pain and not roll. If I’d been perfect, my call sales would have DOUBLED the debit paid for the LEAPs. As it is, I’m only even.