CELH: Collect $129 (0.7%) premium for this covered call trades.
take profit and roll the contract to gain more premium.
The existing 19th Sept short calls are almost depleted so decided to close it.
Using premium from selling new call, with expiry on 26th Sept and lowered strike at $60 to gain better premiums and risk adjusted.
CELH dropped the past 2 trading sessions and closed Tues at $55.27 so $60 strike is still a good margin away.
My long calls protected this with also $60 strikes so I'm slightly in paper loss on that one since the price closed below.
Longer term bullish on CELH so I'm going to wait this out.
| Side | Price | Filled | Realized P&L |
|---|---|---|
| Credit Close | -0.43 3 | -- Closed |
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
- EricVaughan·09-17Great strategy, looks solid! [Cool]LikeReport
