Rolling (IRA): TLT May 21st 148 to June 21st 145 Covered Calls
... for a .92/contract credit.
Notes: A continuation of my TLT covered calls. (See Post Below). With the May 21st 148's at greater than 50% max, rolled out to the June 145's. Total credits collected of 6.42/contract with the June 21st 145's currently valued at around 1.60/contract, so I've realized gains of around 4.82/contract on the call side so far this year. With a cost basis of sub-110 (the last time I acquired), I remain fine with either being called away or continuing to work covered calls.
My natural preference would be for the underlying to settle so that I wasn't constantly chasing calls down the ladder, but you can't have everything.
Notes: A continuation of my TLT covered calls. (See Post Below). With the May 21st 148's at greater than 50% max, rolled out to the June 145's. Total credits collected of 6.42/contract with the June 21st 145's currently valued at around 1.60/contract, so I've realized gains of around 4.82/contract on the call side so far this year. With a cost basis of sub-110 (the last time I acquired), I remain fine with either being called away or continuing to work covered calls.
My natural preference would be for the underlying to settle so that I wasn't constantly chasing calls down the ladder, but you can't have everything.
