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)

Never miss another opportunity to devour prey!

2 thoughts on “Roll Diagonal Call GrubHub (GRUB)

  • July 17, 2018 at 11:56 am

    LK, can you please share more info on the long Calls you have? Expiration, price etc? thanks!

    • July 17, 2018 at 2:43 pm

      Sure. The long calls in this case are 32.5 strike 17JAN2020 expiry bought on 5MAR2018 for 71.60 a share.


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