Opening (IRA): TLT October 18th 84 Short Put
... for a .98 credit.
Comments: Laddering out at intervals at strikes between 85 and 82, assuming they're paying.
This is naturally longer-dated than most will want to go, but is part of a TLT position made up of covered calls (stock + short call) and short puts, so that I'm getting paid for (a) short call premium; (b) dividends; and (c) short put premium over time.
Alternatively, it's a "hmm, I really need to get more BP deployed here because I don't really have shit on at the moment" sort of thing ... .
Comments: Laddering out at intervals at strikes between 85 and 82, assuming they're paying.
This is naturally longer-dated than most will want to go, but is part of a TLT position made up of covered calls (stock + short call) and short puts, so that I'm getting paid for (a) short call premium; (b) dividends; and (c) short put premium over time.
Alternatively, it's a "hmm, I really need to get more BP deployed here because I don't really have shit on at the moment" sort of thing ... .