A short trading  week after the 4th of July Holiday. After opening down yesterday, the market is trading flat through this morning. This gives us a chance to roll some of our covered calls out, down and even up. Let’s start with these first two positions.




Dow Inc. (DOW):  50.12


Dow stock price is getting held back along with other stocks in a soft materials sector. We will roll our 8 Jul 56 call out and down for now.


ACTION:  Roll the DOW 8 Jul 56 call to the DOW 22 Jul 54 call for a net credit of around 0.50 to 0.5 and a 0.9% return.

Buy to close DOW 8 Jul 56 call

Sell to open DOW 22 Jul 54 call




IBM (IBM):  137.65


IBM continues to trade between 135 and 145. We can roll our 8 Jul 137 call out and up for a nice credit.


ACTION:  Roll IBM 8 Jul 137 call to the 22 Jul 138 call for a net credit of around 2.40 to 2.44 and a 1.7% return

Buy to close IBM 8 Jul 137 call

Sell to open IBM 22 Jul 138 call

Receive the latest news

Subscribe To Our Daily Newsletter

Get notified about new articles, special events, training, and much more

Like What You See?

Leave your info below to get more options and trading ideas to your inbox

Yes, send me news to my inbox.