Annuities to cover a “Back Swan” event, you say? In the course of an insurance policy review I touched on option trading and low-and-behold the agent had a product to suggest…fancy that! It’s an annuity hedge for market downside, as if we don’t know about long puts…oops…shades of Feb 5. Anyway, I thought y’all might be interested in its structure, or not. I’m not buying, selling or recommending, I don’t know how much it costs, keep or toss. Have a great evening.
P.S. AXA is on the NYSE as ticker EQH
STO $TGT 20Jul 75 puts @ 1.30 when shares were 76.46
BTC CAH 29Jun 49 Puts @ .15, STO @ .84 on 29May at 70%, well above my target.
Thanks #FallingKnife watchers!
Closed earlier: $TGT covered call: Buy/Write 200 shares @ 76.05, STO 15Jun 76 call @ 1.30 on June 4, before TGT popped. On June 5 rolled call up and out, BTC @ 2.85, STO 20Jul 77.50 calls @ 3.12, .37 credit, today BTC @ 3.05, just about even money, sold shares @ 78.90, for about $550 profit…stock may have slowed down at $80 resistance…TTAMR.
Also, browsing TOS this morning found an excellent covered call TDA Education Video “Selling Covered Calls And Cash-Secured Puts – 6-11-18 – Scott Thompson – You Tube” sorry, no url on this one. He manages about 6 ITM covered calls on TOS with spread hedging, rolling, etc., 58 min long.
Rolling covered calls opened yesterday as $TGT took off. Going out to Jul 20 expiration, 45 DTE, and up $1.50 to 77.50.
Bought 200 sh @ 76.05, STO 2 11Jun 76 cc @ 1.30, BTC @ 2.85
STO 2 20Jul 77.50 cc @ 3.12
EDIT: share price: 78.18
BTO 200 $TGT @ 76.0499
STO 2 15Jun 76 puts @ 1.30
Consumer goods showing strength today
…tastytrade Motion In The Markets report.