Tuesday, April 24, 2012
April Roll-outs: Seven (7!) Positions
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: