Roll down BAB call

Roll down BAB call British Airways

Buy the Sep 75, Sell the Sep 70
BAB out with earnings and has disappointing comments about the rest of the year. Stock takes a 7% hit in London. Phooey. There is always this chance going into an earnings release.

PGR Progressive also out with earnings and stock drifts higher.

Positions, all long stock, short calls
BAB EWJ HPQ IWM JPM JWN MCD PGR XLE