Posted on October 14, 2020
We’ve got a bevy of rollouts to tend before October expiry this Friday, and we’re moving aggressively on all of them.
Some we’re taking care of today.
Some we’ll work out tomorrow.
Others will wait until Friday.
We’ve listed today’s below.
Please pay close attention to strikes and dates.
Sell your VDC shares for $168.90 and buy back your MEDs for $159.39, for a profit of $9.51 (to add to your existing $1.47).
With the long MED 185 CALL ready to expire OTM this Friday, that leaves the short VDC January 160 CALL still open. We propose that you buy it back for $16.40 and sell two VDC November 20th 161 CALLs in its place, each for $8.40.
That puts us in a net credit position of $11.38, with a full month remaining for VDC to pull back 4.6%.
That will give you a full bore takeaway of $3.62 on nothing spent.
And that’s a 2313% profit, friends.
More to come tomorrow and Friday.
Alan B. Harvard