Sold Covered Puts

I sold the SPY 126 Puts expiring tomorrow against my higher strike February SPY Puts.

4 comments:

Anonymous said...

which puts do you own? when you sell the puts expiring tomorrow, do you sell enough to cover the puts that you own, or just a fraction?

thank you

Tsachy Mishal said...

I give out a lot on this site but there is a limit.

Anonymous said...

Reality is, just like buy and hold in a Bull market, almost any index put will work just fine in a sharp intermediate decline!

Mike.

Anonymous said...

i understand... without telling me which puts you own, i was just curious how many puts you sold relative to the amount of feb puts that you own?