mster
10-02

$SPDR S&P 500 ETF Trust(SPY)$ Just Finish a round of wheel of SPY. This lot of SPY was assigned a week back when the share price dipped Below my CSP strike. Sold a couple of Covered Call along the way, and the share price jump a couple of dollars up yesterday and went above my CC strike, thus the underlying is now called away. I closed $SPDR S&P 500 ETF Trust(SPY)$ ,Honestly, this wheel is not at all 'good', yah make a bit of money along the way but the IV for the option now is really low, while the market are still on a big swing. Thus selling option in this situation is totally not rewarding. With the market in euphoria mood, every things seems too high to enter. Got to stay cautious. Good luck out there. I closed $SPDR S&P 500 ETF Trust(SPY)$ ,Take a look at the latest order I posted！Just Finish a round of wheel of SPY. This lot of SPY was assigned a week back when the share price dipped Below my CSP strike. Sold a couple of Covered Call along the way, and the share price jump a couple of dollars up yesterday and went above my CC strike, thus the underlying is now called away. 

Honestly, this wheel is not at all 'good', yah make a bit of money along the way but the IV for the option now is really low, while the market are still on a big swing. Thus selling option in this situation is totally not rewarding.  With the market in euphoria mood, every things seems too high to enter. Got to stay cautious.  Good luck out there. 


I closed $SPDR S&P 500 ETF Trust(SPY)$ ,Take a look at the latest order I posted！


SPY
10-02 14:15
USSPDR S&P 500 ETF Trust
SidePriceRealized P&L
Sell
Close
666.00+0.49%
Closed
SPDR S&P 500 ETF Trust
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  • DeltaDrift
    ·10-04
    This is a huge position[Surprised][Surprised]
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