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Pro rec'ed an ORCL diagonal in Feb '18. In the alert dated Sept 14, 2018 (see bottom of pg 57 of Pro's archive pdf - https://g.foolcdn.com/1228/Motley_Fool_Pro_Archive.pdf ) they re-did the short call.

The diagonal after the alert was -

- Jan '20 $30 long call
- Dec '18 $52.50 short call

On Dec 21,'18 the short expired.

I can't find anything in Pro's final report - https://www.fool.com/premium/pro/coverage/1228/coverage/memo... - or anywhere else where Pro addresses what to do with ORCL's long call or if they did another short call.

Did I miss Pro's final comments re the diagonal or did they? Would appreciate someone pointing me to the right place.

Thanks ~ Bruce
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Check that - the heading should say "ORCL's Jan '20 diagonal ..."
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Bruce,

See this post: https://boards.fool.com/hi-mick-i-got-some-thoughts-from-bil....

That's me relaying thoughts from Billy. In short, you can keep the diagonal going, writing near-the-money calls, until expiration of the long call in 2020, so long as Oracle's stock price remains steady or slowly appreciates. If it suddenly spikes for some reason, you'll likely have to shut it down.

If you're not comfortable running a diagonal on your own, you could just sell your long call, too.

Toby
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Toby,

well @#$% I missed that. Thank you for answering!

~ Bruce
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Oracle is back up in the price range from last September's recommendation so I re-upped the diagonal this morning for $1.34 a contract.

ORCL Apr 18 2019 52.5 Call

Art
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Note that ORCL goes ex-dividend on the 11th and the dividend now exceeds the time value left in the April $52.50 call. I suggest you roll before the 11th to avoid having to provide shares and dividend to the counter party. I rolled to June $55 for a small debit.
Oli
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ORCL goes x-dividend on 4/10/19 for 24¢. September 2019 gives rolling options for credits at $52.50 and $55.00. Just some other alternatives.

Jim

BigOil1
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