- FDX – out of the April $100 puts with a tight .15 stop once they get even ($1.40)
I will also spend $1.90 to move my July $120 calls down to $115 calls
- Selling FDX July $120s for $3.30
- waiting to buy in the $115s as cheap as possible.
- YRCW – selling Feb $45s at $1.45 against 1/2 of my April $45s
- will sell the rest at $1.30 or .20 trailing stop
- adding that to the $1.50 I’m already ahead is plenty plenty on a $1.10 roll!
- will sell the rest at $1.30 or .20 trailing stop