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Trade Date: (8/22/2025)
๐ Ticker / Asset: United Parcel Service
- Symbol: UPS
- Type: Covered Call roll
- Strategy: Roll up and out
๐ฐ Entry Details:
-Stock Price: $89.12
-Contract Details:
-Strike: $89
-Expiration: 9/19/25
-Type: Covered Call roll
-Premium: $32
-Position Size: 1 contract
๐ฏ Reason for Trade:
With UPS making higher highs, I saw the opportunity to roll the call out for 2 weeks and up $1 per share. This essentially locks in $100 more profit if the stock is called away, and made me $32 in premium. In my opinion, this was a good deal. If the stock trades back down, I could roll back to the $88 strike in a couple of weeks for more premiums without sacrificing my original goal of not selling for less than $88 per share.
โ ๏ธ Disclaimer: This trade journal is for educational purposes only and does not constitute financial advice. Always do your own research and consult a licensed financial professional before making investment decisions.