william the wie
Gold Member
- Nov 18, 2009
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I use an 8 pile balanced portfolio of six low Beta issues that have an active option market, a cash pile and the minimum cost general market straddle. Ran into a problem today.
My SPLV call expired Friday and when I checked on how much I would get for selling a new call I found out that I would not be cash positive at less than 4-7 months out for options. Then I looked at selling the underlying and issuing a put I found I would make more than I usually get in premiums and dividends for the same length of time at risk. So, that's what I did.
Since my XSP straddle and puts cover me against a crash this is not a fear/greed driven thread but more of a WTH thread. Anybody have any idea what is going on?
My SPLV call expired Friday and when I checked on how much I would get for selling a new call I found out that I would not be cash positive at less than 4-7 months out for options. Then I looked at selling the underlying and issuing a put I found I would make more than I usually get in premiums and dividends for the same length of time at risk. So, that's what I did.
Since my XSP straddle and puts cover me against a crash this is not a fear/greed driven thread but more of a WTH thread. Anybody have any idea what is going on?
