May Option Investing – TMF Covered Calls

Yesterday, TMF came back into play for my covered call strategy.  Although being stuck in a fairly wide range, I received a buy signal yesterday from my trading program, which means it is time to go back to work using covered calls.  The buy signal corresponds to a new uptrend, so out-of-the-money calls were the tool of choice.  Good thing too…market weakness towards the end of the day pushed TMF just shy of my strike price.  If we can make it to the end of the week, that is a ~3% ROI for 4 days of trading.  A great “quick win” to offset some of my FAS losses this month.

ETFs (Bought)

  • TMF – $71.18

Calls (Sold)

  • TMF- $72.50 call @ $0.90
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About T. Knight
Blogging about my journey to financial independence via investing for cashflow.

2 Responses to May Option Investing – TMF Covered Calls

  1. Lila Hemperley says:

    Very nice website, thanks for share this article with us

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