Hello Investors,
We are having a little difficulty with our recording. We will try to salvage it but in the meantime here are our trade adjustments today.
Bought to close: ABBV Dec 18th (monthly) 97.50 calls
Sold to open: ABBV Jan 15th (monthly) 97.50 calls
Credit: 1.10
We are calling the markets bluff and rolling across to the same strike price. This will pay us a credit and leave our ideal spot around 97.50/share at January expiration.
We discussed why options aren’t exercised early (it rarely ever makes sense). We hopefully will have the recording up shortly.
Reminder about Friday class.