My nascent efforts as an options spread trader are still going pretty well! I just closed my TLT spread for a nice profit. I originally bought the 146 puts and sold the 140 puts. The price traversed that range beautifully. Here is TLT with the strike prices tinted:
As a reminder, we’re building out (very slowly) our brokerage integration. Here, for instance, is my view into my little Tradier account (I am experimenting with both Tradier and tastyworks, for different reasons):
I was also monkeying around with our new Payoff Analyzer, which I urge all of you to try, and found this idea to be intriguing.
So I’ve put a small position in based on this, to go alongside my larger XLU position.