OPENING (IRA): GLD MARCH 19TH 163 SHORT PUT

12 ม.ค. 2021

... for a 1.78 credit.

Notes: Building up a GLD position a little bit here on this recent weakness. Targeting the strike that pays at least 1% of the strike price in credit, which here is the 22 delta 163. Going out to March, as I already have some on in February.

10 ก.พ. 2021

การซื้อขายยังคงดำเนินอยู่

With the March 163s now worth .80 (55% of max), rolled them out to the April 16th (66 DTE) 164s for a .93/contract credit and a realized gain of .98 as opposed to adding contracts (an option I'll reserve for further weakness). Total credits collected of 2.71. IV isn't great here (17.9%), but wanted to have a gold position on, along with a broad market position (e.g., SPY), and a bond/treasuries position (TLT, AGG, HYG, EMB).