A new CSP position was established today on ProShares UltraShort 20+ Year Treasury (TBT). All prices include IB commissions.
This is the fourth position on TBT.
| Date | Stock | Description | Transaction | Status | Stock Investment | Income Generated |
|---|---|---|---|---|---|---|
| 2/22/2012 | TBT | CSP Margin Used | CSP 200 TBT @ 18.00 | ($3,600.00) | ||
| 2/22/2012 | TBT | Initial Put Option | STO 2 Apr12 18.00 Put @ 0.43 | $86.55 |
Position Summary
| Cost Basis | ($3,600.00) |
| Income Generated | $86.55 |
| Percent Income Generated | 2.40% |
| Annualized Income Generated | 15.13% |
| Net Profit If Assigned | $86.55 |
| Percent Return If Assigned | 2.40% |
| Annualized Return If Assigned | 15.13% |
| Days Held to Expiration | 58 days |
5 comments:
I'm enjoying following your blog! In looking for more position opportunities, I am thinking about adding ETFs to my portfolio. Only, my IRA won't allow CSPs. Do you know anybody doing CCs on TBT? It looks like I could meet my position goals with a 500 share position and the 19 March 2012. Thanks - Rescue Jim
www.rescuemyira.blogspot.com
Jim,
I also do CC's on TBT, but usually start with a CSP. Remember that CC's and CSP's are the same when done at the same strike and expiration.
For example, you can establish essentially the same position as this by buying TBT and selling the Apr 18 Call.
Thanks for the tip. I'm going to start collecting some data and do some papertrades on ETFs. Rescue Jim
I have literally just found your blog - this very instant!
I think it may be exactly what I'm looking for. I've been buying stocks - with advise from the Broker at Cannacord (I'm a Canadian)- for a couple of years and have not lost my shirt...just my undershirt and my left shoe.
Now that I'm retired I've the time to actually pay attention to my investments. I started out reading everything I could find and eventually found out about "calls" and "puts" and was intrigued - however when I discovered: ("selling covered calls" and using the money from that to buy insurance "puts") - (which could could turn into much more than just insurance depending on the circumstance) I got hooked and have been seriously looking into the possibilities for the last few weeks.
My plan is to WAIT until I feel I more or less know all (most of) the possibilities and THEN I'll transfer my $265,000 to a TD iTrade account and go to work.
SO - over the next few days I'll be reading your blog to see how much I can learn.
I hope I don't become a pest!
Good call on TBT. The latest Thursday job report indicates continuing improvement in hiring. This should be good for TBT, right?
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