With the market up again today, let’s roll two more of our positions out and up today.

TRADE ROLL

AbbVie (ABBV):  153.06

AbbVie stock price has run up surprisingly in the last 5 days after trading in the mid 140s for a while. The company will report earnings tomorrow (10/28) … and the stock price could go either way.

Let’s roll our call out and up 1 strike today.

ACTION:  Roll ABBV 28 Oct 149 call to the 11 Nov 150 call for a net credit of around 0.72 to 0.75 and a .5% return

Buy to close the ABBV 28 Oct 149 call

Sell to open the ABBV 11 Nov 150 call

TRADE ROLL

CF Industries (CF):  107.14

CF Industries’ stock price continues to trade higher in this market. CF stock has been upgraded twice over the last month with one price target of $135 from RBC Capital Markets.

The company announces earnings next week (11/2) which could impact momentum but with the volatility in the stock, we can roll our put out 2 weeks and still collect a rich premium.

TRADE ACTION:  Roll CF 28 Oct 100 put to the 11 Nov 101 put for a net credit of around 2.25 to 2.30 and a 2.3% return

Buy to close CF 28 Oct 100 put

Sell to open CF 11 Nov 101 put