NaughtyPines

OPENING: CCL APRIL 17TH 30 SHORT PUT

Long
NaughtyPines Updated   
NYSE:CCL   Carnival Corporation
... for a 2.43 credit.

Notes: High rank/implied at 99/80. With a current yield of 5.30%, I'm fine with taking on stock here with a cost basis of 27.57 if that ends up happening.
Trade active:
Selling April 17th 30 short call against for a .93 credit; 3.36 scratch; cost basis in stock if assigned: 26.64.
Trade active:
In all likelihood, will be taking assignment of shares via the 30 put. The 30 C is no bid here, so will have to wait for it to expire worthless. In preparation for assignment/covering, going out to May to sell the 22.5's for .67, with a resulting cost basis in the shares of 25.97.
Trade active:
No huge surprise here ... . Price finished below my 30 short put at expiry, so I'll be assigned shares with a cost basis of 25.97 covered by the May 22.5's.
Trade active:
Rolling the May 22.5's on approaching worthless down to the June 20's for a .32 credit. Cost basis of 25.65.
Trade active:
Aggressing on this loser here: rolled the June 20's down to the 15's for an .87/contract credit; cost basis of 24.78.
Trade active:
Rolling the June 15's to the October 17.5's for an .80 credit; cost basis of 23.98.
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