My call on CHRW expired worthless over the weekend.

music selection:  “Through The Fire And Flames” — DragonForce

I decided to double my exposure here with a strangle to play both ends against the middle.  I sold both a put and call, only one can expire in the money.

I was able to sell CHRW160219P00062500 for 1.65 a contract.  The trade will be in force 33 days and yields 29.20% annualized.  I was also able to sell CHRW160219C00067500 for 85 cents a contract.  That strike gets me back out at my cost basis if called.  This trade will also be in force for 33 days and yields 13.93% annualized.  The average yield for the combined position is 21.56% annualized.  I have a total of 13,000 of capital at risk here and have generated 250 dollars in income for the month.

I’ll be back Friday with an update on what I did to roll forward my DPM position.  Next Monday will be the same for PMT.

Devour your prey raptors!

Strangle CH Robinson Worldwide Inc. (CHRW)

Never miss another opportunity to devour prey!

Leave a Reply

Your email address will not be published. Required fields are marked *


This site uses Akismet to reduce spam. Learn how your comment data is processed.