Rolling (IRA): XBI May 17th 88 Short Call to June 21st 88
... for a 1.25 credit.
Comments: Rolling out the short call aspect of my XBI covered call at ~50% max to the June expiry for a 1.25 credit.
Cost basis now 85.94 (See Post Below) minus 1.25 or 84.69.
Comments: Rolling out the short call aspect of my XBI covered call at ~50% max to the June expiry for a 1.25 credit.
Cost basis now 85.94 (See Post Below) minus 1.25 or 84.69.
Giao dịch đang hoạt động:
Probably should've just done this in one continuous post ... . Rolling the June 88 short call out to the August 88 for a 1.51 credit. Cost basis/break even now 84.69 minus 1.51 or 83.18.
Still looking to take profit at 50% max, which would be at 85.59 (i.e., my break even plus one half the difference between the short call strike and my break even).
Most people who play this game like to wait until most of the extrinsic pisses out of the short call or it approaches worthless, but I'm more of a "you never know" guy (i.e., you never know if it's going to get worse), so generally opt to go longer-dated in an attempt to keep up with any adverse movement.
This roll keeps my cost basis/break even right around where the underlying is currently trading. The duration is not ideal, but it's better than hoping for a bounce.
Still looking to take profit at 50% max, which would be at 85.59 (i.e., my break even plus one half the difference between the short call strike and my break even).
Most people who play this game like to wait until most of the extrinsic pisses out of the short call or it approaches worthless, but I'm more of a "you never know" guy (i.e., you never know if it's going to get worse), so generally opt to go longer-dated in an attempt to keep up with any adverse movement.
This roll keeps my cost basis/break even right around where the underlying is currently trading. The duration is not ideal, but it's better than hoping for a bounce.
Giao dịch được đóng thủ công:
Closed here for an 83.43 debit, .25 profit. Will re-up in shorter duration (July) with a better break even.
