Our EEM puts expire tomorrow. EEM is trading right at the 39 strike which is perfect for rolling our current positions. We can roll these out about two to three weeks and bring in over a dollar in premium.
ISHARES TRUST MSCI MEG MKT (EEM): 39.20
Trade Action 1: Roll the EEM 6 Jan 39 call to the 27 Jan 39 call for a credit of around 0.57 to 0.60
BTC the 6 Jan 39 call
STO the 27 Jan 39 call
Trade Action 2: Roll the EEM 6 Jan 39 put to the 27 Jan 39 put for a credit of 0.50 to 0.52
BTC the 6 Jan 39 put
STO the 27 Jan 39 put
The master portfolio is trading 5 contracts. Provided we can fill at these prices, that will lower the cost basis to about 6.17.