My 7x 100-strike CIBC covered calls were set to expire on Friday the 25th. I rolled them out to December for a credit of $90. This reduces the cost of the position to $69405. Not a lucrative roll, but it keeps me a shareholder for another 3 weeks and sets me up for the next roll that may get me the dividend. The ex-dividend date, while not announced yet, will likely be the week following the 16th in December so I will need another roll for a credit for any chance to collect it. At stake is 1.21 per share or $847 on 700 shares.
Long 700 shares of CIBC
Short 7x Dec 100 covered calls
Total cost of the position: $69405