#LongCalls #LEAPS – Was a little irritated at this one but the rally helped. Needed 657.75 to get even but didn’t quite make it. Short put was exercised a couple days ago. Sold the stock today for 633.95 with a basis of 657.75. Taking the 23.80 loss and rolling it into a Jan 2020 LEAP position. Only rolling one for one since these are pricey. I might consider adding another one on a big drop.

Once I calculated the final numbers it definitely looks doable and possibly even very profitable…

Bought AZO JAN 17 2020 640.0 Call @ 99.50 (basis 123.30 now)

Sold AZO JUN 1 2018 642.5 Call @ 4.10

Payoff by Jan 2019 and Jan 2020 is 3.61/1.40