$UNH DIAGONAL 250703/250718 CALL 310.0/CALL 320.0$ UNH: risk management. Have expiring UNH sold call at $310 that at point of trade looks likely will end in the money. UNH rallied up on 1st July Tues to as high as $326.55 putting the trade in solid in the money territory.As the existing sold call will expire on 3rd July, the risk of shares being sold off are high. So at the open of the market decided to roll this trade further by 2 weeks to expire by 17th July and also higher by $10 to strike at $320 to provide some buffer in exchange for lower premium collection. As of writing, UNH had fell back slightly to close at $307.56 which was only on hindsight.
UNH Diagonal
07-02 23:54
US310.0/320.0
SidePrice | FilledRealized P&L
Credit
Close
-1.20
1
--
Closed
UNH DIAGONAL 250703/250718 CALL 310.0/CALL 320.0
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  • snixee
    ·07-03
    Smart move! Rolling that call is wise! [Smart]
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  • Okkk
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