#LongCalls #LEAPS – Another long running position that was sort of a trade repair. When I rolled the LEAPS to 2021 I also cut the size in half figuring I’d have plenty of time to make up the difference. The stock has held up great and with a few weekly sales I’m able to make an adjustment and bring a ton of cash back into the account. Closing the LEAPS at breakeven and rolling the slightly ITM calls into strangles.

Sold to Close DG JAN 15 2021 110.0 Calls

Rolled DG NOV 2 2018 108.0 Calls to NOV 16 2018 107.0/113.0 Strangles @ .15 credit.

This was the plan all along with the reduction in size of the roll to 2021. If I could get the LEAPS to even then the size would be small enough I could strangle the weekly calls if needed.

Once the strangles go away (hopefully) the overall thing will be a small net winner. A lot of hassle but was a sizable loser at the beginning.

🙂 🙂