Looking for a cashflow trade in the smaller accounts.
Sold -1 Jul20 $27 put for $.60. I will continue to wheel, roll, and cashflow this as long as I can.
Sold -1 Jul20 $27 put for $.60. I will continue to wheel, roll, and cashflow this as long as I can.
Trade active
65% winner on this trade, so rolling out to Aug17 $28 puts for $72 credit.Trade active
Rolled out for add'l credit on this up move, Sep21 $28 strike for $.24 cr.Trade closed manually
Closed this trade at $.58 db, around a 40% Winner on this current option. XLF has returned to no-man's land. where I'm less bullish can at $26, but there's not really any premium to sell a strangle either. I tried to look at rolling up to a synthetic CC again at the $29 strike, but it's just a ways away for me to do.
I'm going to keep an eye on this going forward, just shifting my BP to another ETF for now.
~ $95 profit per contract after figuring in commissions, all in about a month's time. 20% ROC when figuring your BPR.
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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.