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Strategies & Market Trends : Option Strategies -- Ignore unavailable to you. Want to Upgrade?

To: sm1th who wrote (2064)	5/10/2019 12:38:17 PM
From: Thehammer	Read Replies (1) \| Respond to of 2591

That is something I am just beginning to do, until recently I just took assignment and wrote covered calls if I didn't want to hold it. Abbv is the deepest in the money, It looks like I could roll it to June 80 for about .70 gain or June 77.5 at a cost of about .90. Either is probably better than taking assignment. Will probably decide Mon. Most likely take WMB, not sure about WBA I looked at all three the other day and again today. Not a lot of play in WMB but if you are willing to go to August - looks like you could get about .80 -90 cents before commission. ABBV and WBA present a lot more "options". You can go out to July and August get credit and roll down to a lower strike WBA JUL $52.50 ABBV AUG $77.50 If you do decide to roll, do the order as a spread.