I Rolled UBER and Opened 2 CCL Contracts — $718 in Premium This Week
Two moves in one session: rolled the UBER $70 June put after locking in $148.90 profit, then collected another $358.45 on the new August leg at the same strike. Also opened 2 CCL $25 contracts expiring July 17 for $211.45. Total premium generated across both trades: $718.80.
UBER had done its job — the June put cost just $0.90 to close, locking in $148.90. Rolling to August on the same $70 strike collected fresh premium without adding new directional risk. CCL at 59% IV with an 8% buffer below current price made the $25 strike the right balance of cushion and income, even with June 24 earnings inside the window.
Rolling locks in your existing profit AND resets the clock — the $148.90 was already made before the roll, the $358.45 is on top of it. And earnings in the window don't have to stop you: adjust your strike lower and size accordingly rather than skipping the trade entirely.