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!