Taking a little advantage of this down move to roll my IWM Poor Man's Covered Call April 104 short call to the May 105 for a .33 credit.
It isn't much, but it's a credit ... .
It isn't much, but it's a credit ... .
Comment:
Closed the May 105 for a $388 debit to sell something closer in time and higher up; sold the April 109 for a $95 credit.
Comment:
Rolled the April 109 out to the April 29th 109 for a $50 credit. And now I'm pretty close to break even for the setup, which is the cost of the original setup minus the current value of the long option minus the total credits collected (I'm $62 away) ... .
