Options Oracle: 01/02/20

TOO 010220

Below is a link that will bring you to the very first trade of the New Year.


My decision to close out of this spread is based on the fact that there isn’t enough time premium in the next month out to roll the position for a big enough credit. If you would like to continue rolling the short side of the spread and keep the position going, then by all means, do that. I am just “cleaning house” for the New Year in an effort to streamline our positions, with a goal to keep the best performers on the books.


Attached you will also find a PDF file that explains more of the details.


Happy New Year.

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