XLF - Financials

173
Looking for a cashflow trade in the smaller accounts.

Sold -1 Jul20 $27 put for $.60. I will continue to wheel, roll, and cashflow this as long as I can.
Trade aktif
65% winner on this trade, so rolling out to Aug17 $28 puts for $72 credit.
Trade aktif
Rolled out for add'l credit on this up move, Sep21 $28 strike for $.24 cr.
Trading ditutup secara manual
Closed this trade at $.58 db, around a 40% Winner on this current option.

XLF has returned to no-man's land. where I'm less bullish can at $26, but there's not really any premium to sell a strangle either. I tried to look at rolling up to a synthetic CC again at the $29 strike, but it's just a ways away for me to do.

I'm going to keep an eye on this going forward, just shifting my BP to another ETF for now.

~ $95 profit per contract after figuring in commissions, all in about a month's time. 20% ROC when figuring your BPR.

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