#LongLEAPs BTO $TQQQ Jan 2021 85 calls for 1.90, adding to the 90-strike calls previously purchased.
#LongLEAPs Started again: BTO $TQQQ Jan 2021 90 calls for 2.50. Filled instantly.
#LongLEAPs Sold to close $TQQQ Jan 2021 90 calls for 4.00. Bought yesterday for 3.65 (avg price). I believe I will get a better entry.
#LongLEAPs Bought to open $TQQQ Jan 2021 90 calls for 4.00. Will add as price drops.
$TQQQ STC 1/17/2020 66.67 calls at 19.60. BTO 11/12/2018 at 8.20. This was the position I had been selling calls during the year. 42 rolls in all. The 19.60 price was from a 21.50 stop. Option closed the day at 23.00. I believe I bottom ticked with a little help from Market maker. Now for the
$TQQQ BTO 1/17/2020 66.67 calls on 11/12/2018.
Sold calls against and rolled 42 times the last eleven months.
Closed out 60% of position this morning, leaving me with 4 long calls bought at 8.20 and
current price of 11.04. I have stop in at 9.95.
The six closed leaps yielded a 64% gain over the eleven months. 13.32 proceeds per contract versus the 8.20 per contract purchase price.
Thank you @jeffcp66 for the trade and the inspiration to keep rolling. You will forever be given the attribution for this proverb – A Rolling LEAP Can Gather Dough!
#LongLEAPs Sold to Close $TQQQ Jan 2020 66.67 long calls for 11.05.
Starting buying on Oct 4th, 2018, LAST year, for average price of 10.12 over 5 accounts.
I reduced cost basis by selling covered calls (and sometimes puts), but I’m behind on bookkeeping so not sure by how much yet. It looks like I reduced it by only a little on some accounts, up to about a half on others. I’ve decided to close now as I do not trust the market for remainder of year. I do think higher is certainly possible, but that we could also see a pullback soon that would not regain current levels until after expiration.