#LongCalls #CondorRoll – Of course I was a day early on my CELG sale for next week…LOL. Stock has started out strong today and looks to finally be heading back up (for now). I’ve been lucky so far selling just above this base but figured it would pop out eventually. For safety, I’m rolling the short call spread out a couple weeks to a skewed narrower iron condor. Playing it slightly bullish. I’m now in the expiration month of my long calls so we’ll wait and see where this ends.

To mange it I can roll the untested side (short only probably) for extra premium.

Bought to Close CELG JUL 6 2018 79.5/84.0 Bear Call Spreads @ .94

Sold CELG JUL 20 2018 74.0/77.0/83.0/86.0 Iron Condors @ 1.03

Originally sold the BeCS @ .37 so with the roll credit the condor is worth .46