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.

TRADE ROLL

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

COVERED CALL

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.

TRADE ROLL

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

UPDATE

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.