NaughtyPines

Opening (IRA): TLT Dec/Jan 77/75 Short Puts

Long
NaughtyPines Updated   
BATS:TLT   Ishares 20+ Year Treasury Bond ETF
Comments: Targeting the strikes paying around 1% of the strike price in credit at strikes better than what I currently have on. The basic bet here: that interest rates decline ... at some point.

(And, yes, it's been a somewhat painful trade so far ... ).

December 15th 77: .85 credit
January 19th 75: .84 credit
Trade closed manually:
Closing out the Dec 15th 77 short put rung for an .08 debit here. .77 ($77) profit.
Trade closed manually:
And ... closing out the Jan 19th 75 for a .10 debit; .74 ($74) profit.
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