Rolling (IRA): TLT Feb 21st 100 Calls to the 95 Calls

... for a 1.09 credit.

Comments: Looked at all my options here for the rolling of the short call aspect of my covered calls -- rolling down, rolling down and out, rolling out as is, rolling to shorter duration and down ... . Going with rolling down in the same expiry for a 1.09 credit.

Resulting cost basis: 89.11.

It still remains a bet that the Fed will cut rates at some point, just with lower max profit potential.

Trade active

5/1 Dividend: .307743/share; 30.77 per one lot.

Trade active

June Dividend: 0.308295/share; 30.83 per one lot.

Note

Just doing a little updating here, since this is all that remains of my working TLT ... .

July Divvy: 0.291104/share; 29.11 per one lot.

Aug Divvy: 0.314856/share; 31.49 per one lot.

Net stock cost with divvies: 89.11 - .31 - .31 - .29 - .31 = 87.89.

Setup Max (With Divvies): 7.11; 8.09% ROC at max.

Note

Sept Divvy: 0.312782/share; lot.

Break even (with divvies): 87.58. Setup max (with divvies): 7.42; 8.47% ROC as a function of break even at max.

Note

October Divvy: $0.315755; $31.58 per one lot. Break even (with dividends): 87.26. 7.74 max; 8.87% ROC as a function of break even at max.

Trade active

Haven't done anything with this position, well, for months. Rolling out the Feb 21st 95's to the March 21st 95's for a .46/contract credit. Break even (with divvies): 86.80.

Note

11/1 Dividend: .31/share. 86.49 break even; 8.51 max.

Note

12/2 Dividend: 0.325021/share. Break even now 86.16; 8.84 max.

Note

12/18 dividend: .351/share. Break even now 85.81.

NaughtyPines

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