Opening (IRA): BITO July 19th 22 Short Put
Updated
... for an .81 credit.
Comments: Adding a rung at the 22 strike, which is better than either my covered call break even or the July 19th 24 short put I've got on.
Will generally look to take profit at 50% max, but am fine with taking on additional shares and selling call against.
Comments: Adding a rung at the 22 strike, which is better than either my covered call break even or the July 19th 24 short put I've got on.
Will generally look to take profit at 50% max, but am fine with taking on additional shares and selling call against.
Trade active
Rolled this out to the August 16th 22 for a .93 credit. Total credits collected: 1.74.Trade closed manually
Scratching this bugger out here for a 1.74 debit. Still have the 20s on, along with some longer-dated covered calls to scoop up any divvies they throw my way. BITO uses /BTC futures, so there's "rollover risk" at or near the current contract's expiry (7/26), and I'd rather be farther OTM to accommodate that.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.