{"id":1725,"date":"2020-08-15T00:36:16","date_gmt":"2020-08-15T00:36:16","guid":{"rendered":"https:\/\/tradejolt.com\/wordpress\/?p=1725"},"modified":"2020-08-15T00:47:32","modified_gmt":"2020-08-15T00:47:32","slug":"spy-milking-our-cow-on-august-13-and-14","status":"publish","type":"post","link":"https:\/\/tradejolt.com\/wordpress\/spy-milking-our-cow-on-august-13-and-14\/","title":{"rendered":"SPY Milking Our Cow on August 13 and 14"},"content":{"rendered":"

\"\"<\/a><\/p>\n

On Thursday, SPY started out the day on a moderate drop, so we immediately rolled our 338 straddle into a 335 straddle, at a tiny gain of $28 per straddle, or $0.28 cents per share. During the same day we bought and sold only the threatened call side for a $0.48 gain.<\/p>\n

On Friday, SPY did not move much, but we rolled twice during the day to accomodate each $1.00 move. The reason for this is that on the last day of expiration there is a large reduction of theta loss in any strike but the strikes right at the money. So to maximize our option income, it is worth rolling frequently. <\/p>\n

As you see below, we've ended the week in great shape, with another day of gains. Our long term leaps could be sold at a $5886 profit, and we've
\nrealized $13,963 of gains. We've had this position on for 17 weeks. This come to a 41% return. Annualized, if this continues at this pace, this would produce $125%. Of course, we'll have to see how things develop. <\/p>\n

\"\"<\/a><\/p>\n

size: 16 contracts
\nLaunched April 4 2020
\nbasis $48,535 or $28.56 \/ share
\ncash flow $15,043 or $9.40 \/ share
\np&l $13,963 or $8.72 \/share<\/p>\n","protected":false},"excerpt":{"rendered":"

On Thursday, SPY started out the day on a moderate drop, so we immediately rolled our 338 straddle into a 335 straddle, at a tiny gain of $28 per straddle, or $0.28 cents per share. During the same day we bought and sold only the threatened call side for a $0.48 gain. On Friday, SPY […]<\/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-1725","post","type-post","status-publish","format-standard","hentry","category-trades"],"_links":{"self":[{"href":"https:\/\/tradejolt.com\/wordpress\/wp-json\/wp\/v2\/posts\/1725","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=1725"}],"version-history":[{"count":7,"href":"https:\/\/tradejolt.com\/wordpress\/wp-json\/wp\/v2\/posts\/1725\/revisions"}],"predecessor-version":[{"id":1736,"href":"https:\/\/tradejolt.com\/wordpress\/wp-json\/wp\/v2\/posts\/1725\/revisions\/1736"}],"wp:attachment":[{"href":"https:\/\/tradejolt.com\/wordpress\/wp-json\/wp\/v2\/media?parent=1725"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/tradejolt.com\/wordpress\/wp-json\/wp\/v2\/categories?post=1725"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/tradejolt.com\/wordpress\/wp-json\/wp\/v2\/tags?post=1725"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}