#LongCalls #LEAPS -Another position where the weeklies got annihilated. Set this one up prior to our unbalanced strategy. The LEAPS have about 13 dollars of profit in them that I’d like to keep as much of as possible.

Small adjustment to get the weekly call sales a little more rollable. This does give up some downside protection but preserves the potential gains already in the LEAPS. Rolling LEAPS up to finance a rollup of the weekly calls. You could look at this as closing a winner and resetting but I still consider the same trade until completely closed.

I don’t do this often but it worked great in an AMZN position last year…

Rolled TNA JAN 17 2020 70.0 Calls to JAN 17 2020 80.0 Calls @ 5.63 credit
Rolled TNA JUL 20 2018 75.0 Calls to JUL 20 2018 81.0 Calls @ 5.27 debit

LEAPS rolled up 10 but was only able to roll weeklies up 6. That’s ok though….pocketed some cash and accomplished the goal of getting the weeklies back in play. Hopefully roll them again next time and get them out of trouble. Get rid of them eventually and get the full profit out of the LEAPS.