The Money Tree

Safely Generating Income in Retirement

Archive for March 14th, 2011

GTY – New Trade

Posted by mounddweller on March 14, 2011

Fellow Traders,

I executed the trade I referenced earlier on GTY.   This morning I STO 5 MAR $22.50 puts at $0.55.  My ROIC is 2.44% with only 5 DTE.  If you missed my earlier post with my rationale for this trade you can find it here: https://troysmoneytree.wordpress.com/2011/03/12/nok-new-cc-trade/.  Don’t let the title fool you.  The post starts out talking about my NOK trade but further down you’ll find my thoughts on GTY.

Regards,

Troy

PS.  I held off pulling the trigger on the LO trade.  After giving it a second thought I decided the premium was too high.  That tells me somebody knows something I don’t.  Like my grandpa always used to say…”if something looks too good to be true, it is!”

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