We have several positions in our Triple Play Income portfolio that are uncovered and one that we were called out over the weekend. Let’s add to those positions with covered calls and selling a put on one of the stocks that was called away.
SELL CALL
Camping World Holdings (CWH): 25.15
We left Camping World stock uncovered for a couple of weeks to let the stock bottom out. CWH is trading higher over the last week. Let’s get back in and sell a covered call.
ACTION: Sell to open CWH 20 Jan (23) 26.50 call for a net credit of around 0.25 to 0.30 and a 1% return.
SELL CALL
CF Industries (CF): 86.31
We’ve been waiting for CF to rally off its low of $80 last week. We can sell a call today and collect solid premium.
ACTION: Sell to open CF 20 Jan 90 call for a net credit of around 1.00 to 1.05 and a 1.2% return
SELL PUT
Kraft Heinz (KHC): 42.50
We were called out of our Kraft Heinz stock last week. We will re-enter the position selling a monthly put.
ACTION: Sell to open KHC 20 Jan 42 put for a net credit of around 0.33 and 0.8% return.
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