Our Blackstone Group (BX) call is on track to expire worthless. I will recommend a new call to sell against the shares soon.
Marvell Technology Group (MRVL) is currently trading above our call’s strike. If our shares are called away, we will book a profit. However, if the stock closes below $51, our call will expire worthless and we will sell another one next week.
BX Feb Monthly (2/19) 72 Call
Current Stock Price: $69.78
Cost Basis: $70.45
Action: Watch call expire worthless
MRVL Feb Monthly (2/19) 51 Call
Current Stock Price: $51.79
Cost Basis: $49.77
Action: Watch call expire
Profit (if shares are called away): $1.23, or $123 per 100 shares