Here are our last two positions to manage this week.

 

TRADE ROLL

 

Blackstone (BX):  107.60

 

Blackstone stock price jumped 20% the last 2 days! A 10% move wouldn’t have been a surprise but the reaction in the market to the CPI numbers and inflation has been powerful … and unexpected.

 

Of course, Blackstone could also sell off 10% next week. We will roll our calls out today and move the strike up.

 

ACTION:  Roll BX 11 Nov 101 call to the 25 Nov 102 call for a net credit of around 0.40 to 0.45

Buy to close BX 11 Nov 101 call

Sell to open BX 25 Nov 102 call

 

TRADE ROLL

 

CF Industries (CF):  104.19

 

CF Industries stock price is down today but there is still plenty of room to run and premium to collect looking ahead. We will roll our put out one week and continue to bring in the cash.

 

ACTION:  Roll the CF 11 Nov 101 put to the CF 18 Nov 101 put for a net credit of around 1.45 to 1.47 and a 1.4% return.

Buy to close CF 11 Nov 101 put

Sell to close CF 18 Nov 101 put