I am recommending we roll the short leg of our Apple (AAPL) LEAP call spread out one week and to a lower strike to generate more income.
Note: No action is needed on the AAPL Jan Monthly (1/21/22) 100 Call at this time.
Current Stock Price: $123.61
Cost Basis: $32.61
- Buy to close the AAPL Jun Week One (6/4) 129 Call for around $0.02
- Sell to open the AAPL Jun Week Two (6/11) 127 Call for around $0.49
- Set initial credit limit at $0.47
New Cost Basis: $32.14