The market is up again today giving us a chance to roll our calls and puts on the remaining positions expiring today. Let’s go ahead and manage these positions and enjoy the weekend.
CF Industries (CF): 103.97
CF stock price was up yesterday, declined in overnight trading and is climbing higher again today. This gives us a chance to play this volatile position with a more conservative roll and still collect a rich premium.
ACTION: Roll the CF 9 Sep 105 put to the CF 23 Sep 102 put for a net credit of 1.40 to 1.50 and a 1.5% return
Buy to close CF 9 Sep 105 put
Sell to open CF 23 Sep 102 put
AbbVie (ABBV): 141.84
Time to get back into selling calls on AbbVie. 5 out of the last 7 days ABBV stock price has traded higher giving us a chance to get back in a covered call.
ACTION: Sell to open ABBV 23 Sep 145 call for a credit of around 1.04 to 1.07 and a .7% return.
Vale S.A. (VALE): 13.25
Vale stock price is also benefiting from the up market today. We can roll our call out 2 more weeks and hold the same strike.
ACTION: Roll the VALE 9 Sep 14.50 call to the VALE 23 Sep 14.50 call for a net credit of around 0.11 or .8% return
Buy to close VALE 9 Sep 14.50 call
Sell to open VALE 23 Sep 14.50 call
Camping World Holdings (CWH): 30.21
CWH stock is up almost 4% today but doesn’t look like it will exceed our 32 put strike. As we reported yesterday, CWH goes ex-dividend Tuesday at 0.62 and we want to own the stock before then. We will let the stock be assigned over the weekend.
ACTION: No Action. Allow stock to be assigned over the weekend.
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