TRADE ALERT — SPCX, TSLA & WMT
Three Covered Call Rolls

I made three covered-call rolls this afternoon, all within a short period of time.

SPCX (SpaceX)

I rolled my September 18 $152.50 call out to the September 25 $152.50 call.

Net credit: $2.90 per share ($290)

I kept the $152.50 strike and extended the position one week while collecting additional premium.

TSLA (Tesla)

I rolled my September 18 $365 call out to the September 23 $365 call.

Net credit: $4.35 per share ($435)

I kept the $365 strike and extended the position five days while collecting additional premium.

WMT (Walmart)

I rolled my September 18 $110 call out to the September 25 $110 call.

Net credit: $0.45 per share ($45)

I kept the $110 strike and extended the position one week while collecting additional premium.

Why I Made the Trades

All three positions were approaching their September 18 expirations, and I liked the opportunity to extend them while collecting additional credits.

I didn't change any of the strike prices. In each case, I was comfortable continuing to own the shares at their current call strikes, and the available premium was enough for me to extend the positions.

These trades generated a combined $770 in additional option premium.

I'm also making these trades while traveling in Europe, which is part of the real-world test I mentioned in the Sunday Journal. The three opportunities appeared close together, so I managed the positions just as I would have from home.

Execution Parameters

I was comfortable making these trades around the prices shown above. If the stocks or options have moved materially by the time you receive this alert, I would not chase them. The economics may be different from the trades I made.

Important Disclaimer

This is a record of my actual trades and actual fills, not a trade instruction or signal.