Sell Werner October Calls for a 37% Gain in Less than Two Weeks
Sell to close the October 20 , 2017, call on Werner Enterprises Inc. (WERN) with a strike price of $35 at $1.10 or higher for a quick 37% gain. Symbol (WERN171020C35)
I still like the trucking group quite a bit but the near term expiration on these calls is forcing my hand. As we get closer to the October 20 expiration, the time value on these will erode quickly.
I recommend taking the 12-day mid-thirties gain. I’ll be watching the truckers for more trades as I expect earnings to be robust.
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