We have a few more positions we can manage today ahead of expiration Friday.
Cardinal Health (CAH): 54.56
The ex-dividend date is still 4 weeks away for Cardinal Health (6/30). Our 3 Jun 58 call will expire worthless tomorrow. Let’s roll it out two weeks.
ACTION: Roll the CAH 3 Jun 58 call to the CAH 17 Jun 56 call for a net credit of around 0.55 to 0.60
BTC the CAH 3 Jun 58 call
STO the CAH 17 Jun 56 call
IBM (IBM): 139.24
IBM is trading in a the 130 – 140 range. Let’s stick with our 136 call another two weeks to collect more premium.
ACTION: Roll the IBM 3 Jun 136 call to the IBM 17 Jun 136 call for a net credit of around 1.30 to 1.35 and a 1% return.
BTC the IBM 3 Jun 136 call
STO the IBM 17 Jun 136 call
We have two more positions with Friday (3 Jun) expirations tomorrow (CF and PM) that we will roll or close tomorrow via alert.
Get notified about new articles, special events, training, and much more
Leave your info below to get more options and trading ideas to your inbox
Yes, send me news to my inbox.