Two-round lottery (3)
Second bet in the two-round lottery finished yesterday and didn’t quite make it. As a reminder, the TLT ETF should have finished above the 90.00 price. Yesterday’s closing price was 89.43. So at this point I am holding 100 units of ETF TLT and will start writing call options at the same strike price. If I can get rid of the underlying asset by the start of the race at the call price, I’ll send all the premiums to the draw after the race finish. First attempt: May09’25 90 Call for $71.