U.S. Global Jets ETF

Closing (IRA): JETS March 18th '22/October 15th 24 LCD

69
... for a 7.63 credit/contract.

Comments: With max profit in the diagonal around the width of the spread (8.00), closing it here rather than waiting another 21 days for the remaining extrinsic to bleed out and/or risking that price returns to below 24. My cost basis was 6.49/contract (See Post Below). Closing it here results in a realized gain of 1.14 ($114)/contract, an ROC of 14.25% as a function of the spread width. I'll look to re-up if we get any weakness back to ~22. Otherwise, I'm still in UAL covered calls as my airline "reopening" trade.

* -- Long call diagonal.

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