I am recommending we roll our Apple (AAPL) call out one month and to a higher strike price to avoid having our shares called away. While we will need to spend some cash to do so, we are picking up another $5 per share in potential appreciation.
Current Stock Price: $150.81
Cost Basis: $150.05
Action:
- Buy to close the AAPL Mar Monthly (3/17) 140 Call for around $11
- Sell to open the AAPL Apr Monthly (4/21) 145 Call for around $9.70
- Set initial debit limit at $1.30, but adjust as needed to roll today
New Cost Basis: $151.35