We have positions in Walt Disney (DIS) and Kroger Co. (KR) expiring today.
Disney is scheduled to report earnings on May 11. The call is on track to expire worthless, let’s see what Monday or Tuesday bring us but we will sell our shares before earnings and re-enter the position after the announcement by selling a put.
Our Kroger put is deep in the money. Therefore, let’s accept shares and I will recommend a call to sell against them soon.
DIS May Week One (5/6) 115 Call
Current Stock Price: $108.43
Cost Basis: $125.81
Action: Watch call expire
KR May Week One (5/6) 60 Put
Current Stock Price: $54.31
Cash in Hand: $1.12
Action: Accept shares
Cost Basis: $58.88