We have a couple of positions we can manage by rolling calls.

 

TRADE ROLL

 

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

 

TRADE ROLL

 

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

 

TRADE ROLL

 

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