Comments: Adding a rung out in the Dec 29th expiry at a strike better than what I currently have on.
Since I'm in an acquisitional frame of mind with TLT, I'm pretty much going to run with these until they're approaching worthless (i.e., <.05). If I get assigned, I'll proceed to sell call against.
i noticed you've been adding these for awhile. are any of them hurting? or do you use stop losses of these? just curious. I've been adding TMF for awhile and selling calls against but TMF options aren't as good as TLT so my position is feeling some pain
NaughtyPines
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@Franknewman, Feeling a "little" pressure. Since I want to acquire shares "in this neighborhood" (low 90s) (after which I'll sell short call against), I kind of have to just hang in there until expiry, see what I get assigned on, and then go from there. Highest strike is at the 94 (in the November monthly); lowest at the 84 (in the Dec).
Franknewman
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is this a rate cut position? or more general? rate cut was my main idea as a position to hide in if there does happen to be a sell off related to a recession. you think the soft landing is a thing?
NaughtyPines
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@Franknewman, It's partly a "rates will be cut at some point" play and partly a "I think it's time to add some bonds/treasuries" back into my retirement account at fairly long-term lows. It may take quite a bit of time to "work out." We could be hanging around these levels until mid to late 2024.