153: TLT Iron Butterfly & Covered Call Walk-Thru

The Option Alpha Podcast

Kirk Du Plessis

Investing, Trading, Stock Market, Business, Options Trading, Education, Finance

4.8 • 1.2K Ratings

🗓️ 7 February 2019

⏱️ 39 minutes

🔗️ Recording | iTunes | RSS

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Summary

Show notes: http://optionalpha.com/show153

Assignment for some traders can be scary and cause them to freeze up or throw in the towel. On today's podcast, we'll walk-thru another case study in which we got assigned on our iron butterfly position in TLT not once, but twice. Inside I'll move slowly as we look back at each stage in the trade from the original order entry, adjustments, assignment, and ultimately the covered calls we sold after being assigned stock. This podcast is worth listening to twice!

Transcript

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0:00.0	You're listening to the Option Alpha Podcast from Option Alpha.com where we show you how to
0:06.2	make smarter trades learn how the stock market really works and generate consistent
0:10.8	monthly income. Now your your host, and head trader at option alpha.com, Kirk depluses.
0:17.0	Hey everyone, this is Kirkier again from Option Alpha working every single week to make this the most popular investing podcast offered online and in iTunes because it's based on one thing and one thing only and that's helping you guys make smarter trades.
0:32.0	So thank you again so much for tuning into today's show.
0:34.2	On today's show we are going to go through yet another case study because I think you guys have actually
0:38.8	been enjoying these and I enjoy talking about them and kind of diving deeper into some of these trades that
0:44.0	we're doing and especially trades that go on for what seems like a much longer period of
0:48.6	time but I think they're helpful and I think they have definitely helped out in the
0:52.0	community we get a lot of good feedback on the last two couple shows that we've and I think they have definitely helped out in the community.
0:52.5	We get a lot of good feedback on the last two couple shows
0:54.8	that we've done on case studies where we went through
0:57.6	our assignment in GLD, which was show number 149,
1:01.9	and then also our more recent show number 151 which was
1:05.3	rolling short straddles case study and E. W. Z and then today what we're going to be
1:09.6	talking about is our TLT position where we got assigned not on one set but on two sets of
1:16.5	iron butterflies and we were basically dealt with 600 shares of long stock at
1:20.8	some point in T.L. T. T. and I want to go through the entire process of that trade so you
1:24.8	you guys understand and kind of use this again as a little bit of a case study and walkthrough.
1:28.8	So as always if you guys enjoy these please let us know share these case studies with your friends and your
1:33.3	family and obviously leave us a comment and rating and a review on iTunes if you
1:38.3	guys found these helpful so again everything that we're going to be going
	...

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