As stated in the first article for the GTC Sample Portfolio, we’re keeping our quantitative processes private; but will share the moves we make on an actual portfolio. And please note our risk statement.
I was able to get this posted in the Member Area yesterday. We sold some more option premium by selling 1 strangle, per $50k of capital. So for the GTC Sample Portfolio, this is One (1) 21 June USO Strangle. We had sold the 88 / 65 (Selling 88 Call and Selling 65 Put) or “Strangle” for a net credit of 0.44.
By way of a review of our shorter term trades at the moment, we have on, per $50,000 …
From 05/03/2024 … for every $50,000 in cash in the short-term trading book; ratio’d out to 22 QQQ, 212 SHY, 15 SPY and 85 TLT
We have a sold a SPY 475/547 Jun 21 Strangle for 1.97. A GTC order is out there to take our profits if we get this strangle down to 0.97
We then sold calls against the TLT position, selling 1 May 31 95 Call against the TLT held. For the GTC Sample Portfolio, this is 1 TLT 95 Call sold, that is partially covered. We didn’t raise a lot of premium with IVR so low, but it is something in terms of premium.
And we sold the aforementioned USO 65/88 Strangle for 0.44. An order is out GTC to close this down profitably if we get down to 0.22 per.
I was thinking about hedging off TLT a bit more, but I’ve been missing entrances like crazy …
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