Monday, July 16, 2012

Close TLT short strangle

Close TLT short strangle TLT@130.4
I buy back Aug 115 puts and Aug 138 calls for a 28% net profit*. TLT US 20-year treasury ETF breaks June 1, 2012 high. Again, because of upcoming travel, I'm lowering my risk profile.

Long BRKB EWG XRT
Net long LGF IWM SPY

* 28% net profit is basis the initial credit, return on capital much lower because of margin requirements

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