FLASH Alert: DaVita (DVA) Stock Replacement Calls – Time to Roll UP & OUT!

FLASH Alert: DaVita (DVA)

For those who are long the DaVita (DVA) July 17 $125 stock replacement calls, it’s time to roll UP and OUT. This means we’re rolling the strike UP and also OUT to a longer expiration. The stock is trading at $236.44, up $2.43, (+1.04%). Just place the following order:

Buy to open (BTO) 1 DVA Oct. 16 $200/July 17 $125 diagonal call spread for a net credit of $68. Good ’til Canceled (GTC).

**Please be sure to get this executed today. If not, you will take delivery of the shares.**

Also, please be sure to enter this as a diagonal spread so the $200 and $125 calls are executed simultaneously. Do not buy the $200 call and sell the $125 call as separate orders. Once the above order is executed, you’ll be long the October 16 $200 call. This call currently has a delta of 83, so we’re still maintaining a high delta but rolling out in time. 

After you execute the above order, the cost basis on the Oct. $200 call will be -$38 (negative cost basis). The current price on the Oct. $200 is $43.

– Pete Najarian, Bill Johnson & Stu Dorfman

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