A few last moves with 2 of our Triple Play Income Positions before the long 4th of July holiday weekend. 




Gilead Sciences (GILD):  61.65


Our 1 Jul 63 call will expire worthless. Let’s close it and sell another call out two weeks.


ACTION:  Roll the GILD 1 Jul 63 call to the GILD 15 Jul for a net credit of around 0.50 to 0.55

Buy to close GILD 1 Jul 63 call

Sell to open GILD 15 63 call



Southern Co. (SO):  72.78


Utilities in general have held up in this year during this bear market run. Southern Co. stock price is up strong today and gives us a chance to sell a covered call before the weekend.


ACTION:  Sell to open SO 8 Jul 73 call for a credit of around 0.62 to 0.66


That’s it for this week. Remember, the U.S. stock market is closed Monday. We will be back managing our positions again starting on Tuesday or Wednesday.


Have good and safe weekend.

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