Rolling (IRA): TLT Feb 21st 100 Calls to the 95 Calls

NaughtyPines Updated   
BATS:TLT   Ishares 20+ Year Treasury Bond ETF
... for a 1.09 credit.

Comments: Looked at all my options here for the rolling of the short call aspect of my covered calls -- rolling down, rolling down and out, rolling out as is, rolling to shorter duration and down ... . Going with rolling down in the same expiry for a 1.09 credit.

Resulting cost basis: 89.11.

It still remains a bet that the Fed will cut rates at some point, just with lower max profit potential.
Trade active:
5/1 Dividend: .307743/share; 30.77 per one lot.

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