Today, I am going to suggest an adjustment to the OSTK position.
I am going to suggest you buy back this week's $18 call and roll it out to next week.
Here is how you do that.
My suggestion is to buy back the May 29th call for $0.10.
After you close the position that expires today, then Sell to Open (1) June 5th - $18 call for every 100 shares you own.
The June 5th - $18 call can be sold for $0.75.
You pick up a gain of $1.10 cents per share on the call that expires tomorrow and another $0.75 per share for the calls that expire next Friday.
This brings the total premium collected on this position to $2.25 per share.
