Sold to open TMF 7/15 expiration $116 strike puts

action

Sold short 2 contracts of TMF 7/15 expiration $116 strike puts at $1.15. Total proceeds after commission are $220.55 or $1.10/share.

strategy

Sold those 2 contracts against my short ETF position from yesterday, which is doing quite nicely today.

I could see bonds gaining a little tomorrow, as stock bulls might still be too nervous to hold positions through the weekend. Or maybe important bank earnings tomorrow morning are positive and bonds fall back further. I am not sure which side wins out. So I wanted to get a little put cover.

July 14, 2016 at 1:00pm · TMF · sell to open · options


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