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!

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Strangle CH Robinson Worldwide Inc. (CHRW)

Never miss another opportunity to devour prey!

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