Here are the remaining Triple Play Income positions we can manage today:

 

TRADE ROLL

 

Camping World (CWH):  25.61

 

Let’s roll our CHW call out 2 weeks strike to strike.

 

ACTION: Roll the CWH 21 Oct 29 call to the CWH 4 Nov 29 call for a net credit of around 0.35 and a 1% return

Buy to close CHW 21 Oct 29 call

Sell to open CHW 4 Nov 29 call

 

TRADE ROLL

 

Philip Morris (PM):  86.65

 

Philip Morris came in with a strong Q3 earnings report with EPS beating by 0.17 and revenue of $8.03 billion beating by $730 million. The stock price is holding up and we can roll our call out two weeks

 

ACTION:  Roll the PM 21 Oct 90 call to the PM 4 Nov 90 call for around 0.55

Buy to close PM 21 Oct 90 call

Sell to open PM 4 Nov 90 call

 

TRADE ROLL

 

Rio Tinto (RIO):  55.05

 

Rio Tinto stock price has flattened out after a continuous long down-trend. Iron ore prices are slumping as demand for steel has softened. We will do a deeper review of this position to see if we need to eventually move out of Rio Tinto. This position was one of our pure inflation plays but if prices in this sector continue to drop, it may be time to exit RIO. Stay tuned.

 

For now, we can roll our calls out another month and collect a reasonable credit.

 

ACTION:  Roll the RIO 21 Oct 62.50 call to the RIO 18 Nov 60 call for a net credit of around 0.65 to 0.70 and a 1.2% return

Buy to close RIO 21 Oct 62.50 call

Sell to open PM 18 Nov 60 call

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