{"id":1705,"date":"2020-08-12T21:08:25","date_gmt":"2020-08-12T21:08:25","guid":{"rendered":"https:\/\/tradejolt.com\/wordpress\/?p=1705"},"modified":"2020-08-12T21:16:28","modified_gmt":"2020-08-12T21:16:28","slug":"iwm-rolls-05-aug-12-aug","status":"publish","type":"post","link":"https:\/\/tradejolt.com\/wordpress\/iwm-rolls-05-aug-12-aug\/","title":{"rendered":"IWM rolls 05 AUG – 12 AUG"},"content":{"rendered":"

Here was the status at the end of August 5
\n\"\"<\/a><\/p>\n

I got a bit behind in my reporting, so I'm going to provide one graph and a brief recap for each day.
\n\"\"<\/a><\/p>\n

Aug 6
\nThe price opened up $2 over our straddle centered on 152. So I rolled to 154.<\/p>\n

bought to close AUG 07 152 call for $1.39 sold at $1.90 for loss of $0.51 per share
\nbought to close Aug 07 152 put for $0.40 sold at $1.16 for gain of $0.74 per share
\noverall gain of $0.17 per share <\/p>\n

sold to open Aug 07 153 call for credit of $1.16
\nsold to open AUG 07 153 put for credit of $0.67<\/p>\n

Status on Aug 6
\nsize: 35 contracts
\nLong Term Hedge: $93,159 or $26.61 per share
\nCash Flow to Date: $13,323 or $3.80 per share
\nP&L to date : $47,612 or $13.60 per share<\/p>\n

August 7
\nbought to close AUG 07 153 call for $1.62 sold at $1.39 for loss of $0.23 per share
\nbought to close Aug 07 153 put for $0.12 sold at $0.67 for gain of $0.55 per share
\noverall gain of $0.32 per share <\/p>\n

sold to open Aug 07 154 call for credit of $2.39
\nsold to open AUG 07 154 put for credit of $1.86<\/p>\n

Status on Aug 7
\nsize: 35 contracts
\nLong Term Hedge: $93,159 or $26.61 per share
\nCash Flow to Date: $21,844 or $6.24 per share
\nP&L to date : $47,814 or $13.94 per share<\/p>\n

August 10<\/p>\n

gapped up to 156
\nbought to close AUG 07 154 call for $4.58 sold at $2.39 for loss of $2.19 per share
\nbought to close Aug 07 154 put for $0.92 sold at $1.86 for gain of $0.94 per share
\noverall loss of $1.25 per share<\/p>\n

sold to open Aug 07 157 call for credit of $2.50
\nsold to open AUG 07 157 put for credit of $1.85<\/p>\n

size: 35 contracts
\nLong Term Hedge: $93,159 or $26.61 per share
\nCash Flow to Date: $22,195 or $6.34 per share
\nP&L to date : $43,374 or $12.39 per share<\/p>\n

August 11<\/p>\n

IWM opened at 157.50, close to where we anticipated it would finish the day, so we had no need to alter our positions.<\/p>\n

Status on August 11
\nsize: 35 contracts
\nLong Term Hedge: $93,159 or $26.61 per share
\nCash Flow to Date: $22,195 or $6.34 per share
\nP&L to date : $43,374 or $12.39 per share<\/p>\n

So we finished this period having sacrificed a bit of our rolling premium revenue. However, this has been more than offset by gains to our long term LEAPS which are unexpectedly showing a positive hoviering in the $3400 range. So we might even consider rolling those to lessen the cost of our long term insurance. But that is the subject matter of another post. Their are pros and cons to doing that and I want to address it with careful explanations.<\/p>\n","protected":false},"excerpt":{"rendered":"

Here was the status at the end of August 5 I got a bit behind in my reporting, so I’m going to provide one graph and a brief recap for each day. Aug 6 The price opened up $2 over our straddle centered on 152. So I rolled to 154. bought to close AUG 07 […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_bbp_topic_count":0,"_bbp_reply_count":0,"_bbp_total_topic_count":0,"_bbp_total_reply_count":0,"_bbp_voice_count":0,"_bbp_anonymous_reply_count":0,"_bbp_topic_count_hidden":0,"_bbp_reply_count_hidden":0,"_bbp_forum_subforum_count":0,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[5],"tags":[],"class_list":["post-1705","post","type-post","status-publish","format-standard","hentry","category-trades"],"_links":{"self":[{"href":"https:\/\/tradejolt.com\/wordpress\/wp-json\/wp\/v2\/posts\/1705","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/tradejolt.com\/wordpress\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/tradejolt.com\/wordpress\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/tradejolt.com\/wordpress\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/tradejolt.com\/wordpress\/wp-json\/wp\/v2\/comments?post=1705"}],"version-history":[{"count":11,"href":"https:\/\/tradejolt.com\/wordpress\/wp-json\/wp\/v2\/posts\/1705\/revisions"}],"predecessor-version":[{"id":1719,"href":"https:\/\/tradejolt.com\/wordpress\/wp-json\/wp\/v2\/posts\/1705\/revisions\/1719"}],"wp:attachment":[{"href":"https:\/\/tradejolt.com\/wordpress\/wp-json\/wp\/v2\/media?parent=1705"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/tradejolt.com\/wordpress\/wp-json\/wp\/v2\/categories?post=1705"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/tradejolt.com\/wordpress\/wp-json\/wp\/v2\/tags?post=1705"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}