TRADE ROLL

 

Camping World (CWH):  32.52

 

Camping World goes ex-dividend on 9/13 paying 0.62 per share that we want to collect. Our 26 Aug 29.50 put is worth a nickel. We can close or roll it out to almost at the money and collect a bigger premium. If it goes in the money, we can take assignment the Friday before ex-dividend.

 

ACTION:  Roll CWH 26 Aug 29.50 put to the CWH 9 Sep 32 put for a net credit of around 0.90 to 0.95 and a 2.9% return

Buy to close CWH 26 Aug 29.50 put

Sell to open CWH 9 Sep 32 put

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.