I have added new tabs at the top so that monthly trades can be viewed there. This is because I plan to comment extensively here, in the main blog space. Let's start right away:
June is shaping up nicely enough. I feel like I've been sitting around watching paint dry, but it's nice paint. How many times can short options be cashed in around one core position? Right now I have a short strangle with some shares right there in the middle (I prefer not to own shares but for various reasons, I might buy them - one reason being to make the short calls covered), and I also have some naked calls for farther out. Let's see how this shapes up!
I have 400 shares of SVXY and 4 short calls against that for 91.50 at the June 26th expiration. I paid 91.30 for the shares, so: Easy come, easy go on the shares.
I also have 4 short calls at 93 on the July 2 expiration. I will not let those remain uncovered, so depending on how fast the stock moves, I may have to cash in my short puts (at the 85 strike for June 26th) to allow me to buy shares to cover that. We'll see.
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