If you still have (short) the PALM June $11 calls, we are going to roll those to selling July $13 calls, and selling the July $13 puts as well.
Phil suggests…
1. Buy back the June $11 calls for $3.20.
2. Sell the July $13 calls for $2.40
3. Sell the July $13 puts for $1.30 ($1.50 stop on the puts "in case Dell doesn’t really buy them")
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