#SyntheticStock – Rolling up and out for a small debit but picking up 3.70 more upside. DIS has lousy strikes for rolling…5 wide in the monthlies. This is another bigly profit blocked by front month calls. From now on I’m changing my attitude about these. Instead of going for aggressive max premium on the weekly sales I’m going to be much more conservative.

When I set these trades up it usually works out where only very small weekly sales are needed to cover any max potential loss since they are all hedged. Let’s say 15 cents is all that’s required each week. I’ll limit myself to 30 cents on the sales which would still be a double long term but would also leave plenty of upside room for these runaway trains…

Rolled DIS DEC 29 2017 100.0 Calls to JUN 15 2018 105.0 Calls @ 1.30 debit.