The market volatility this week with the VIX up at 30 again and the market going up, down, up is giving us a chance to make a few trade adjustments in our favor. Let’s start with ABBV.

 

TRADE ROLL

 

AbbVie Inc. (ABBV):  159.27

 

AbbVie stock price has started to recover from their recent downturn and we have a chance to roll our 29 Apr 170 call out and down (but still above the price we bought the stock) to collect a solid premium. ABBV reports earnings on Friday morning but we will roll our calls well out beyond that date.

 

ACTION:  Roll the ABBV 29 Apr 170 call to the 13 May 167.50 call for a net credit of around 1.04 to 1.08

Buy to close ABBV 29 Apr 170 call

Sell to open ABBV 13 May 167.50 call