We have several Triple Play Income positions we can manage today.

TRADE ROLL

Blackstone (BX): 102.07

Blackstone stock price got a real boost out of the August CPI numbers trading up to the 110 range and has retraced back down to the low one hundreds. This gives us a chance to roll our 26 Aug 106 call out and up early.

ACTION:  Roll BX 26 Aug 106 call to the BX 9 Sep 107 call for a net credit of around 1.20 and a 1.1% return

Buy to close BX 26 Aug 106 call

Sell to open BX 9 Sep 107 call

SELL PUT

Cardinal Health (CAH):  68.13

We were called out of Cardinal Health stock last weekend. Let’s re-enter the position selling a put option.

ACTION:  Sell to open CAH 2 Sep 67 put for a net credit of around 0.65 to 0.70 and 1% return

TRADE ROLL

IBM (IBM):  134.98

Almost predictably, IBM trades up to around 140 over the last week and then trades back to its more normal range of 133 to 136. That gives us a chance to roll our 26 Aug 135 call out and up a strike while still collecting a reasonable credit.

ACTION:  Roll IBM 26 Aug 135 call to the IBM 9 Sep 136 call for a net credit of around 0.70 to 0.72 and a .5% return

Buy to close IBM 26 Aug 135 call

Sell to open IBM 9 Sep 136 call