Covering: GNW Covered Call. In for a 4.40 db; out for a 4.82 cr; $35 net profit per 100 shares/contract (7.95% ROC).
Rolling: NVAX Oct 21st 1.5 short call to Nov 18th 2 short call for a .23 db and opening: Nov 18th 2 short put for a .30 cr. Basically, I'm financing the roll of that 1.5 short call with the selling of the 2 put (so now I've basically got a Nov 18th 2/2 short straddle). Were I to have been a little more patient, I could have just waited for price to come off the bottom. I'm fine with getting put shares at 2, but I'm "finer" with just keeping the premium ... .
Rolling: NVAX Oct 21st 1.5 short call to Nov 18th 2 short call for a .23 db and opening: Nov 18th 2 short put for a .30 cr. Basically, I'm financing the roll of that 1.5 short call with the selling of the 2 put (so now I've basically got a Nov 18th 2/2 short straddle). Were I to have been a little more patient, I could have just waited for price to come off the bottom. I'm fine with getting put shares at 2, but I'm "finer" with just keeping the premium ... .
Fireworks are fun ... as long as you don't blow your fingers off.