We have “bought back” our covered call in DKS and sold 10 of our shares.
Sold 10 shares of DKS at 169.53 this locks in a profit of +$577.30
Buy to close: DKS Feb 16th (monthly) 170.00 strike call
Debit: 0.55The following have been executed this morning:
We have “rolled out and up” on our DIS covered call as follows:
Buy to close: DIS Feb 16th (monthly) 110.00 strike call
Sell to open: DIS Apr 19th (monthly) 125.00 strike call
Debit: 1.20The following are probable adjustment we will need to make before the close today:
Probable Adjustment #1 –
We want to exit our OXY 1×2 call spread. However, we will place this order in the last hour of the trading session. And collect as much credit as is possible at that time. The larger the credit the better!
Sell to close: Feb 16th (monthly) 59.00 strike call
Buy to close: Feb 16th (monthly) 61.00 strike call
Credit: as much as possible (placing this order in the last hour of the trading session between 3:00 pm ET – 4:00 pm ET)Probable Adjustment #2Â –
We have a variety of positions in DKNG. We own a 43-48-53 call butterfly. However, we also have a short 45 strike covered call. All with a February expiration. Here is the game plan to be executed with about 10-15 minutes before the close (execute at 3:45 pm ET).
If the stock is below 43/share – nothing is required all calls expire
If the stock is between 43-45 per share, “sell to close” the 43.00 strike call, the rest of the calls will expire
If the stock is above 45/share but below 48/share, do nothing (no adjustments needed) as the long 43 call will offset the short 45 call.
If the stock is above 48/share (not likely), then “buy to close” both of the 48 strike calls and do nothing else.The following are probable adjustments we will need to make before the close today:
Possible Adjustment #1 – We have a covered call in DELL – Feb 85.00 strike call. If the stock at the end of the day is well below 85/share, we will simply let the call option expire. If the stock is at or above 85/share, we will place an order to “buy to close” the short 85.00 strike call.Possible Adjustment #2 - We have a call butterfly in SNOW – Feb 235/250/265. If the stock at the end of the day is well below 235/share, we will simply let the call options expire. If the stock surges up at any point today, we will “sell to close” the February 235 strike call, the other calls will expire worthless. Looking to get 1.00+ in premium for the 235 strike call.
We have the following short calls thaw will expire for a max gain, no adjustments required.
CVS Feb 80 strike call
CVS Feb 85 strike call
NEM Feb 45 strike call
OXY Feb 67.50 strike callWe have the following short puts that will expire for a max gain, no adjustments required.
ZÂ Feb 45 strike put
DKNG 34 strike put
OXY 56 & 54 strike puts