I'm sitting on a couple Jan '14 $40 Calls. Any suggestions for rolling them today, before earnings are announced? Stock just touched $62...
A roll up to J14 $45 would credit you about $4 per allowing some profit taking but leaving you nicely long and still relatively ITM. Volume on the $45s isn't bad. Otherwise if you're ready to move out, you get about half that by rolling to J15 $50 and even J15 $55 would produce the same profit taking (about $4 per) while nicely out in time. I've moved all my long dated calls to J15 and if $60 holds after earnings I'll role those from $40-$45 to $50-$60 and probably throw in a few higher strikes