Showing posts with label IEF early option premium capture/ dividend capture. Show all posts
Showing posts with label IEF early option premium capture/ dividend capture. Show all posts
Wednesday, October 28, 2009
Out and back into IEF
The recent downturn in equities has been accompanied by bond prices increasing. My IEF position had already given 80% of its maximum profit, so I closed it out for a net value of 89.93. With only 3 trading days left, it doesn't feel too risky to re-establish the position with 91 calls--again, hoping for option assignment, but ok if I get the ~.25 dividend. Net investment was 90.81 per share. If I had been thinking I could have just rolled the options up a $1, but with the combo orders I used the commission is not much different than a straight option order.
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