We have covered calls/short puts in the following that will expire for a max gain of the credit received (no adjustment needed):
CVS Sep 80.00 call
CVX Sep 170.00 call
CVX Sep 140.00 put
DIS Sep 115.00 call
GOLD Sep 20.00 calls
MTCH Sep 42.50 put
SNOW Sep 180.00 call
TGT Sep 122.00 put
VZ Sep 33.00 put
WBA Sep 32.50 call
Z Sep 60.00 call
Z Sep 45.00 putWe own 200 shares of CVS and 2 covered calls. The 80 strike call will expire. The 70 strike covered call is ITM and we need to roll it up and out. We are rolling out and up on the 70 calls and then selling an extra 75 call because we own 200 shares.
Buy to close: CVS Sep 15th (monthly) 70.00 strike call (ratio of 1)
Sell to open: CVS Oct 20th (monthly) 75.00 strike call (ratio of 1)
Debit: 0.22
Sell to open: CVS Oct 20th (monthly) 75.00 strike call (ratio of 1)
Credit: 0.41We own 200 shares of DELL and 2 covered calls (previous roll up worked out great). We are letting 100 be “called away” and replacing that with a short put (to attempt to repurchase lower). We are also rolling the call on the other 100 shares. Details below:
Buy to close: DELL Sep 15th (monthly) 65.00 strike call (1 contract)
Sell to open: DELL Nov 17th (monthly) 70.00 strike call (1 contract)
Debit: 1.90
Sell to open: DELL Oct 20th (monthly) 67.50 strike put (1 contract)
Credit: 1.10