TRADE ALERT

Chevron Corp. (CVX):  155.56

Chevron reports earnings on 7/28. Let’s take advantage of the elevated premium to roll our short calls and puts out one week to collect a big chunk of premium.

TRADE ALERT:  ROLL the CVX 21 Jul 152.50 call to the 28 Jul 152.50 call for a net credit of around 1.28 to 1.30

BTC the CVX 21 Jul 152.50 call

STO the CVX 28 Jul 152.50 call

TRADE ALERT:  ROLL the CVX 21 Jul 155 put to the 28 Jul 155 put for a net credit of around 1.40 to 1.43

BTC the CVX 21 Jul 155 put

STO the CVX 28 Jul 155 put

Master Portfolio:  3 contracts