We have positions in Bank of America (BAC), D.R. Horton (DHI), QuantumScape (QS) and SPDR S&P Biotech ETF (XBI) expiring today.

Let’s close BAC now to book profits.

I am recommending we roll our DHI and XBI puts out one week to buy time for the underlying securities to move higher.

Finally, our QS put is on track to expire worthless, allowing us to book a maximum profit.

BAC Feb Week Four (2/26) 34 Put

Current Stock Price: $35.14

Cash in Hand: $0.47

Action: Buy to close the BAC Feb Week Four (2/26) 34 Put for around $0.03

Profit: $0.44, or $44 per contract

DHI Feb Week Four (2/26) 80 Put

Current Stock Price: $77.70

Cash in Hand: $1.82

Action:

• Buy to close the DHI Feb Week Four (2/26) 80 Put for around $2.38
• Sell to open the DHI Mar Week One (3/5) 80 Put for around $3.20
• Set initial credit limit at $0.82

New Cash in hand: $2.64

QS Feb Week Four (2/26) 50 Put

Current Stock Price: $56.70

Cash in Hand: $1.10

Action: Watch put expire worthless

Profit: $1,10, or $110 per contract

XBI Feb Week Four (2/26) 150 Put

Note: No action is needed on the XBI Mar Monthly (3/19) 135/125 Put Spread at this time.

Current Stock Price: $148.05

Cash in Hand: $2.10

Action:

• Buy to close the XBI Feb Week Four (2/26) 150 Put for around $3
• Sell to open the XBI Mar Week One (3/5) 150 Put for around $5.40
• Set initial credit limit at $2.40

New Cash in Hand: $4.50