🏦 $100K Account
🔄 Roll 1: $TEM Jun 20 $60 Put ➡️ $TEM Aug 15 $55 Put
- Action: Buy to Close $TEM Jun 20 $60 Put and Sell to Open $TEM Aug 15 $55 Put
- Credit Received: $75
- Reason:
- Rolling down and out to lower risk by moving the strike from $60 to $55.
- Extending the expiry gives us more time and flexibility.
- Still generating income while adjusting to market conditions.
🔄 Roll 2: $MU May 30 $97 Call ➡️ $MU Jun 6 $98 Call (covered call)
- Action: Buy to Close $MU May 30 $97 Call and Sell to Open $MU Jun 6 $98 Call
- Credit Received: $93 (against the shares held)
- Reason:
- Collect additional credit while slightly raising the strike price.
- Rolling out a week to keep the premium flowing without giving up upside potential in the stock.
- Staying active while maintaining a covered call position.
🔄 Roll 3: $MSTX May 30 $44 Put ➡️ $MSTX Jun 20 $43 Put
- Action: Buy to Close 1 $MSTX May 30 $44 Put and Sell to Open 1 $MSTX Jun 20 $43 Put
- Credit Received: $75
- Reason:
- Locking in gains while lowering strike and extending time.
- Staying consistent with the strategy of generating cash flow without acquiring shares.
🔄 Roll 4: $MSTX May 30 $45 Put ➡️ $MSTX Jun 20 $44 Put
- Action: Buy to Close 1 $MSTX May 30 $45 Put and Sell to Open 1 $MSTX Jun 20 $44 Put
- Credit Received: $55
- Reason:
- Similar to the previous MSTX roll—adjusting the strike while extending expiry.
- Keeping premium collection active without taking on unnecessary risk.
🔍 Key Takeaways
These trades align with our core strategy:
✅ Generate consistent cash flow through option selling.
✅ Roll or close positions as needed to avoid assignment and keep capital working.
✅ Not aiming to acquire shares at a discount—the goal is income, not stock ownership.
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Disclaimer: This post is for educational purposes only. Options trading involves risk—trade only with capital you can afford to lose.