Roll WBD Nov 25 22 $14 Calls

The market rally of the past two days presents us with a potential opportunity for an early roll of our $14 short call in WBD almost two weeks earlier than its scheduled November 25th expiration date.

At the moment, the $14 November call is virtually worthless, so we have essentially extracted all the premium out of it at this point. By potentially rolling early, we are squeezing in an extra/additional opportunity to earn option premium off our WBD LEAPs, ultimately bringing down our cost basis/increasing our ROI in the trade, depending on your point of view. The amount that we would earn at the mid-point of the trade represents a roughly 12% yield on our original cost basis.

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