Here are two trades to get us started in this holiday-shortened week.
Camping World (CWH): 27.27
We were called out of our Camping World shares over the weekend. The stock goes ex-dividend on June 13. So, we can sell a put today for 10 days out and collect a rich premium, generating a roughly 2.5% return, and still buy the stock ahead of the ex-dividend date.
ACTION: Sell to open CWH 9 Jun 27 put for a credit of around 0.65 to 0.70.
Southern Co. (SO): 69.68
Southern Co. has traded higher for several days in a row and our shares are uncovered. Let’s sell a covered call at the monthly expiration.
If you are not currently in the SO position, you can enter today by buying shares at market and selling the call.
ACTION: Sell to open SO 16 Jun 71 call for a credit of around 0.65 to 0.68.