June Option Investing – TMF Covered Calls


My basic technical analysis for May showed TMF breaking through previous resistance levels (not one but two!).  And the last time we saw price action of this nature, two things happened.  TMF produced some great profits, and the general markets tanked.

Looking at the chart for TMF, the mid-70’s are now the nearest level of support, which is great timing for June option plays.  I adjusted my trading money management rules slightly for June because the markets in a correction and the probability of entering into positions other than TMF is low.

ETFs (Bought)

  • TMF – 100 shares @ $75.80
  • TMF – 100 shares @ $74.96

Calls (Sold)

  • TMF – 1 $77 call @ $3.10
  • TMF – 1 $77 call @ $2.80
Advertisements

About T. Knight
Blogging about my journey to financial independence via investing for cashflow.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: