June 29, 2020 - MDT Alert (CLVS)

As I mentioned in this mornings update, I wanted to collect some call premium on the CLVS position.

In order to do that, I am going to suggest you sell the series that expires on July 10th.

Here is the trade:

Sell to Open (1) July 10th - $7.50 Call for every 100 shares you own.

You should be able to sell them for $.30 per every option you sell.

This will bring the call premium collected on this position to 85 cents per share.

If the calls are assigned next Friday, the return will be 14.2% for a little more than a month.

Of course, this alert only applies to you if you own shares in CLVS.