#CoveredCalls #Earnings – SHOP reports in the morning. I’m gonna try something different here just for fun. Sitting about breakeven on my stock/covered call and since these are fairly easy to roll in these expensive stocks I’m rolling the call down to the bottom of the expected move for max downside protection.

Stock rallies I’ll try to roll up and out. Stock tanks make some decent money with nice basis reduction…

Rolled SHOP NOV 01 2019 302.5 Call to NOV 01 2019 292.5 Call @ 7.50 credit (24.05 total premium now)

Call now sitting just below my new basis of 296.65.