Trade Alert Instructions
Trade Summary: Per 100 shares of TLT
(1A.) Buy to close Aug 09, 2019 $135.50 TLT call, allow Aug 09, 2019 $131.50 TLT Put to expire worthless if valued at .01
(1B.) Sell to close Aug 09, 2019 132.50 GLD Call and Buy to close Aug 09, 2019 $133.00 GLD call
(2A.) Sell to open Aug 16, 2019 $140.00 TLT Call, Buy to open Aug 16, 2019 $137.00 Put.
(2B.) Buy to open Aug 16, 2019 $140.00 GLD call, Sell to open Aug 16, 2019 $141 GLD Call.
Profit of $1.70/share of TLT portfolio now stands at 10.33% YTD.
Step 1. Close our previous TLT covered call and GLD option trade if you took our last trade alert, otherwise skip to step two.
Part A. Close TLT option trade if your put is worth $0.01 let it expire worthless and only buy to close your call option.
Part B. Close GLD option trade.
Step 2. For every 100 shares of the TLT you own enter one of the following option contracts.
Part A. Open new TLT option trade one contract per 100 shares of TLT.
Part B. Open 1 option contract trading this GLD bull call spread per 100 shares of TLT, you do not purchase any shares of GLD for this trade and this is seperate from our buy and hold precious metals positions.
Step 3. This trade is designed to survive an “Atomic Bomb”, next trade alert Thursday Noon Eastern, so be ready!
All in all from our previous trade alert the following happened:
TLT went from $134.08 to $138.95 for a +$4.87
TLT Option Collar went from $.17 credit to $3.55 debit for a -$3.38 loss
GLD bull call spread went from .29 debit to .50 credit for +$.21
Net Profit = +$1.70 per share of TLT week over week.
This week’s bond portfolio up $7,252 and increase on ROI of 1.19%
Last weeks P/L on Bond Thursday Portfolio
Two weeks ago P/L on Bond Thursday Portfolio