We have a few more positions we can manage today ahead of expiration Friday.

 

TRADE ROLL

 

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

 

TRADE ROLL

 

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.

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