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