Hello Investors,
We have arrived at July monthly options expiration. As discussed we have two trades at expiration INTC and CCJ. As it happens we don’t need to adjust either one as long as we are happy owning more shares of CCJ.
The INTC covered call is set to expire OTM and needs to adjustment.
The CCJ short put is ITM and will exercise this weekend. We are perfectly content with that happening and want to own more shares. However, if you do NOT want that to happen, you would need to “buy to close” the July 50 strike put.
Volatility is ramping up a bit and that should mean some great opportunities are coming. Have a great weekend!