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# ROLL OUT SUGGESTIONS for MON & IFIN

HAVING TROUBLE PRINTING?

You have several options to roll the position out to SEPTEMBER with the MON and IFIN

OPTIONS: First, you can close out your AUGUST POSITION for what the MON AUG 45 CALL will close at tomorrow ( maximum would be \$2.50 DEBIT ) if stock closes over \$47.50 and you have to close out both sides for the MAXIMUM loss and end it there with a loss of \$2.50 times 20 contracts

- OR -

Close out the position as above and do one of the following:

OPTIONS Roll directly out to a SEPTEMBER position by

Selling the Mon Sept 45 Call

Buyiing the Mon Sept 47.50 for a CREDIT of \$1.40 - \$1.60

RESULT: If Mon closes under \$45 come the SEPTEMBER expiration your net loss is going to be reduced to \$0.90 - \$1.00 times 20 contracts

or if you believe the trend of the stock is neutral to positive, you can

go the opposite direction by going 20 contract and selling

Selling the MON SEPT 47.5 .Put

Buying the MON SEPT 45.5 Put for about a \$1.00 NET CREDIT. In this case if the stock closes above \$47.5 you keep the \$1.00 and reduce the AUGUST lost by \$1.00

down to \$1.40 - \$1.60 NET LOSS

or you can ROLL OUT AND DOUBLE the position to 40 contracts on either calls if you think the stock has out done its run, and wipe out the entire loss and have a \$0.30 - \$0.40 gain, IF THE STOCK CLOSES BELOW \$45.

- OR -

If you think the stock is going to continue in the current uptrend you can DOUBLE the put position to 40 contract and do this with the put side above

Selling 40 of the MON SEPT 47.5 .Put

Buying 40 of the MON SEPT 45.5 Put

However, if the stock moves against you, you will have to move the position out again and if you don't double the position you face a compounding loss.

Double gets you back in the game, rolling just reduces the loss if you are right and give you a chance to roll again if you are wrong for a slight net premium.

The same thing can be done with the IFIN position

If you need to close out the IFIN 45 calls you can roll to the

Selling 10 IFIN SEPT 45

Buying 10 IFIN SEPT 47.5 for NET CREDIT of \$0.75 and if IFIN closed below \$45

on the SEPTEMBER expiration date you would have reduced your loss by \$0.75 from the current \$1.50 LOSS, down to \$0.75. If you double the position and you are right, that means 20 contracts. You are at a break even if the stock closes under \$45.

Just as MON. If you have to roll you can delay the big loss for a slight net debit premium everytime you roll, however if you DOUBLE the position and you are right you break even or make money depending on the premium. THE DOWNSIDE is if you don't get the expiration it will cost you a lot more to roll out...

BOTTOM LINE.you roll the same contracts and you can cut the loss in half at least, if the SEPT position expires, if you double you can usually break even. BUT when you double you don't have the margin of error that you do when you just reduce your loss