So far so good, I made a series of small mistakes in the Options IRA so far this week. I bought 49 shares of T to bring my total up to 100 shares and sold a call against them. Later I realized that the Ex-Dividend date was Friday and I then rolled the option out cause I had a bad case of FOMO (Fear of Missing Out). I had in my mind that the dividend was a serious chunk of change and I got greedy. Really I’m only going to get $60, but since T was on the rise I ended up having to rollout all the way to March just so I didn’t have to pay anything. Carried all the way to completion, if it’s not executed before the dividend, it’s going to give me about a 12% return on my investment, if the stock price can get above $32. That’s not bad, but it’s a lot of ‘ifs’ in there for the $24.05 (0.82%) return I have in hand today….
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