I will be posting an updated portfolio position at the close of market today. So far the income trade is working as planned. Since this week is the begining of the option cycle for November Theta decay has began to set in. Trading for income requires a lot of patience and at the heart of it, it can be boring, but the end goal of generating income is the most important factor here. If you are looking for contstant action and daily buy and sell then this is not a stratgey for you. But if your goal like mine is to generate consistent income then just follow the trades and check daily for updates.
I do post updates when required, but do make it a point if you are following the trade and have set up a similar trade in your account to check daily. Because about 25% of the time we might have to adjust the trade to reduce our Delta or re position the call or the put side, so our nest is not bridged.
Please, send me your comments if there is anything on your mind.
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