Fridays are Roll days for CC’s that aren’t cooperating. Essentially you sell the one that has moved into the money, and buy one farther out in time or higher strike, or both. I also buy back any option that has time to run but has earned 80% plus of potential. With < $1.00 commissions it is affordable. Finally, had to deal with an Ex-Div induced assignment probability (TCAP).
It was a buy day but I didn’t have time time…
At the end are today’s action photos J
This is all realatively new process for me (in the TtP-S Portfolio, anyway) and is more subject to errors than usual.
| TtP-S | As of: 06/05/15 19:03 TtP-S Alert Display Format 2 Version 2.1 | |||||||
| Moderator Message (if any): Today’s Buys & Sells. Pete A | SPY | DIA | ||||||
| Previous Close | 210.13 | 179.21 | ||||||
| Current Price | 209.77 | 178.50 | ||||||
| Day Low | 208.98 | 178.25 | ||||||
| % Chg from Prev Close | -0.55% | -0.54% | ||||||
| Buy Day! | ||||||||
| (Based on low of the day) | ||||||||
| Today’s Buys/Sells | ||||||||
| Ticker | Buy Price | Buy Date | Profit Target | Sell Price | Sell Date | Profit Percent | Annualized RoI % | Current Position |
TCAP was in danger of being called because of Ex-Dividend activity, so I bought it back, and will complete the roll on the next up day. The last line before total (below) is a FAUX sell of the position underlying to see where we stand from a “value” perspective, as well as my more normal “cash flow” view.
