Open Stock Positions
Coming out of March expiration we are holding stock positions in AAL, UBER and ONON. Today we are going to make some moves …
Against our AAL stock position let’s sell to Open the April 15 Call (exp. 4/21) for $0.45 (approximately).
Against our UBER stock position let’s sell to Open the April 34 Call (exp. 4/21) for $0.75 (approximately).
In the case of ONON, I recommend simply selling the stock position (21.85 approximately), as the company will report earnings tomorrow morning, and after selling two sets of calls, we will walk away from this trade for a nice profit.
The sale of ONON stock means we no longer will hold a stock or option position in ONON headed into earnings tomorrow.
