NaughtyPines

Opened (IRA): BITO June 28th 31 Covered Call

Long
NaughtyPines Mis à jour   
BATS:BITO   ProShares Bitcoin Strategy ETF
... for a 27.55 debit.

Comments: Not the weakness I was looking for, but setting myself up to grab the early June dividend.

Generally, I'll look to roll out the short call at 50% max ... .
Transaction en cours:
A capital preservation roll ... . With price below my break even, rolling the short call down and out to the July monthly 30 strike for a .45 credit. 27.10 cost basis.
Transaction en cours:
Probably didn't need to roll this, but rolled out to the Sept 20th 30 for a .70 credit. 26.40 break even.
Transaction en cours:
And the June divvy will be ... 1.767963/share; $176.80/one lot. 24.63 break even when it drops (record date 6/3; payable date 6/10).
Transaction en cours:
Rolled the Sept 20th 30 out to Dec 27 for a .74 credit. 25.66 cost basis (ex. divvy); 23.89 (inc. divvy). I'm perfectly fine with treating this as a dividend-harvesting play and not making much on the covered call itself if that's what it turns out to be.
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