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To update those who have been following BAC income trade, I closed it today as I don’t want to give “kool” profits back to Mr Market. For the whole sequence of transactions, you can follow-up here. There were no adjustment needed as IV had risen as predicted and stock didn’t move so much.
I am not posting results of Apple or FXI as didn’t spell out the exact transactions for your reference.
The trade has resulted in +20% profit and we are seeing bearishness in the market and I would like to redeploy capital to some other interesting opportunities that market is offering today.
A lot going on, profitable trading, OP