Opened JWN May-Jul 35 Call Calendar for debit of -1.30. IV is at lower quarter of the IV range for the past 7 months.
14/5/08. – Rolled the May 35 Call out to Jun 35 Call. Initial credit for the May 35 Call was +02.34. Bought it back for -1.45 for a net credit of +0.89. The new Jun-Jul 35 Call calendar has a cost basis of -0.41.There are 36 days to expiry for the short leg and 1 more roll to go.
