Opening (IRA): TLT December 20th 83 Short Put
Updated
... for a 1.19 credit.
Comments: Laddering out at intervals ... . Targeting the strike that would result in a break even around the 52-week low on weakness here. A basic bet that the Fed cuts rates ... at some point.
I already have rungs on in July through Nov, so adding one here in Dec. This is complimentary to the covered calls I have on In January (See Post Below), so am getting paid for (a) short call premium; (b) short put premium; and (c) dividends for a kind of "triple whammy."
Comments: Laddering out at intervals ... . Targeting the strike that would result in a break even around the 52-week low on weakness here. A basic bet that the Fed cuts rates ... at some point.
I already have rungs on in July through Nov, so adding one here in Dec. This is complimentary to the covered calls I have on In January (See Post Below), so am getting paid for (a) short call premium; (b) short put premium; and (c) dividends for a kind of "triple whammy."
Trade closed manually
Closed for a .48 debit; .71 ($71) profit.
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