We have positions in Chewy (CHWY), CVS Health (CVS) and D.R. Horton (DHI) expiring today.
Our CHWY and DHI puts are well in the money, so I am recommending we accept shares. We will sell calls against those shares soon.
And I am recommending we roll our CVS call out one week and to a lower strike.
CHWY Mar Week One (3/5) 90 Put
Current Stock Price: $79.60
Cash in Hand: $1.34
Action: Accept shares
Cost Basis: $88.66
CVS Mar Week One (3/5) 72 Call
Current Stock Price: $69.71
Cost Basis: $71.17
Action:
- Buy to close the CVS Mar Week One (3/5) 72 Call for around $0.02
- Sell to open the CVS Mar Week Two (3/12) 71 Call for around $0.59
- Set your initial credit limit at $0.57
New Cost Basis: $70.60
DHI Mar Week One (3/5) 80 Put
Current Stock Price: $74.90
Cash in Hand: $2.64
Action: Accept shares
Cost Basis: $77.36
