We have a couple of positions we can manage by rolling calls.
Blackstone (BX): 114.95
Blackstone is down with the market today but we can still get a reasonable credit by rolling our calls out strike to strike for one week.
ACTION: Roll BX 10 Jun 119 call to the BX 17 Jun 119 call for a net credit of around 1.25 to 1.30 and a 1% return
Buy to close the BX 10 Jun 119 call
Sell to close the BX 17 Jun 119 call
Dow Inc. (DOW): 66.61
Our 10 Jun 68 call is down to less than 0.10. Let’s roll it out two weeks to collect a richer premium.
ACTION: Roll the DOW 10 Jun 68 call to the DOW 24 Jun 68 call for a net credit of around 0.75 to 0.80 and 1.1% return
Buy to close the DOW 10 Jun 68 call
Sell to open the DOW 24 Jun 68 call
Southern Company (SO): 74.57
Utility stocks continue to hold-up and Southern Co. is right in there. Our 75 call expires tomorrow. Let’s roll it out strike to strike as well.
ACTION: Roll the SO 10 Jun 75 call to the SO 17 Jun 75 call for a net credit of 0.45 to 0.50.
Buy to close the SO 10 Jun 75 call
Sell to open the SO 17 Jun 75 call
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