My short call in GRUB expired over the weekend.
music selection: “Let’s Groove” — Earth, Wind, and Fire
weigh-in: 198.6 +2.0
My diagonal call in GRUB is performing nicely. I am up 17.4% since early March. I sold new diagonal calls this morning. To set up the trade, I sold GRUB180831C00130000 for 1.75 a share. The trade will be in force for 47 days and yield an expected 18.98% against my cost basis of 71.60 in the long calls.
There is room for 18.94 in short term capital gains before I would have to roll my call. If the call expires worthless. I will repeat the trade, hopefully at an even higher strike.
Coming Friday – more discounted bond action!
Devour your prey raptors!
Roll Diagonal Call GrubHub (GRUB)
LK, can you please share more info on the long Calls you have? Expiration, price etc? thanks!
Sure. The long calls in this case are 32.5 strike 17JAN2020 expiry bought on 5MAR2018 for 71.60 a share.