With so many April positions coming up in a sideways trading
market, it was clear that I would not see too many of my contracts
assigned. Plus, I traveled for most of
the month, working on deadline, so I got way behind on posting here to the
blog.
But in essence, the strategy for the month was based on a
decision to do a bunch of roll-outs, which is an approach a lot of my mentors
in the covered call community would advise.
When all is said and done, I have rolled out seven positions
this month, keeping the same strike prices and pushing out expiration a month
or two. Unfortunately, I couldn’t always
find the returns I need in the next month, May, so I have gone further out on
some of these.
Here’s a recap of the roll-outs, just summarizing based on
the net trades:
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