We were able to remove risk on SPY put sale, AAPL bull put spread. DDD and PETS look fine. I have TLT for March and that's it. I don't mind owning MU at $36. I might BTC this at some point, to lock in gains, but likely, I'll just leave it a lone.. :)
Trade closed manually
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Option is worth .05 I am able to BTC this for 'free commission' because of that price on the option.
Locking in the .21 gain AND removing margin. ONTO the next one
Great idea on MU. Good follow-up. I just put an order in for doing MU April 20th $37 Put Sell. Hope to get $1.05 out of it. I felt that based on the recent whipsaw it might hold that level. In either case, based on wave theory, it appears to be the forming the 4th wave (horiz) move. Not sure if we have one more Trump-Hurray left in the market before we go into a Sep'2018 correction. Who knows!
Kenny
Reallifetrading
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@kenny1924, I dig it. NICE analysis. Looks good sir! : )
kenny1924
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@Reallifetrading, it got executed at $1.05. So, it is all good. At the same time my GILD Put Sell also executed. No relationship of course. But, on an upmarket this is happening! Hmmmm!!
kenny1924
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Oh I see.....You are closing it out on the MU Put Sell. I am going to let it ride, as I usually do for all of my Put Sells.
I see why you are doing it so that you can release margin and do the next one. I have done that in the past, and might do it, but not in a situation where I need to release the margin, although giving back 0.05 is not bad. Thanks.
Kenny