Rolled (IRA): TLT Jan 17th 2025 Short Calls to Feb 21st
... for a .28 credit.
Comments: Rolling out the short call aspect of my covered calls (See Post Below) a month for a small credit. Cost basis/break even in the setup is now 90.20.
The small consolation prize is that this keeps my break even right around with the underlying is currently trading.
Comments: Rolling out the short call aspect of my covered calls (See Post Below) a month for a small credit. Cost basis/break even in the setup is now 90.20.
The small consolation prize is that this keeps my break even right around with the underlying is currently trading.
Comment:
One potential option to consider here: rolling down and back (yes, back) in time to a strike in shorter duration that pays a credit. I'm not going to do that here (attempting to be patient, after all), but I could roll from the Feb 100's back to the September 20th 90's for a 1.57 credit, with a resulting cost basis of 88.63. I wouldn't make much (the difference between 90 and 88.63 or 1.37 at max), but I can consider that option if I just get plain tired of looking at the setup in my account.
