OPENING (IRA): UAL MARCH 19TH 33 SHORT PUT
... for a .91 credit.
Notes: Here, an addition to my Jan '22 47 covered strangle in UAL to reduce cost basis further, which currently consists of (a) a Jan '22 47 covered call; (b) a February 19th 35 short put; (c) a March 19th 33 short put; and (c) a June 18th 32 short put. Cost basis is currently at 42.75 versus where the underlying is currently trading at 40.27.
30-day's at 67.3% with expiry-specific at 66.7%, with earnings in the rear view, so it could be fine as a stand alone trade (2.84% ROC at max as a function of notional risk).
Notes: Here, an addition to my Jan '22 47 covered strangle in UAL to reduce cost basis further, which currently consists of (a) a Jan '22 47 covered call; (b) a February 19th 35 short put; (c) a March 19th 33 short put; and (c) a June 18th 32 short put. Cost basis is currently at 42.75 versus where the underlying is currently trading at 40.27.
30-day's at 67.3% with expiry-specific at 66.7%, with earnings in the rear view, so it could be fine as a stand alone trade (2.84% ROC at max as a function of notional risk).
Trade closed manually:
Out of the February 19th 35 today for .17; cost basis at 42.92 versus closing price of 42.04.
Comment:
Still have the March 19th 33, the June 18th 32, and the Jan '22 47 CC, however. :-)
Comment:
Closing the March 19th 33 for 13 here with 29 days to go. Cost basis of 43.05/share vs. today's closing price of 44.96.
