Big Earnings Week

Good morning Titans!

This week is a big earnings week. That means we're looking to close any positions that we don't want to hold over earnings and possibly sell covered calls also where it makes sense.

In addition, the market is surging today. On days like this we also look for put options that we might be able to close early.

RBLX

For anyone in Roblox with shares from a previous assignment, today is the day to sell a covered call on those shares. Roblox is surging and the call premium is juicy.

Sell 1 RBLX 44 Strike Call Option Expiring May 31 for $1.12

My cost basis on Roblox is ~$36 adjusted for past option premium. The average assignment price is 41.83. So in case RBLX surges past this 44 strike, I'm perfectly happy with letting go of 100 shares.

If that were to happen, my profit from from those shares would be 44-41.83 + 1.12 = 3.29 on 41.83 required capital which is a 7.8% return in roughly 40 days. Which annualizes to 71%!