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Income Masters Trade Alert: AAPL

I am recommending we once more roll the protective put of our Apple (AAPL) LEAP call spread down to a lower strike. This will allow us to reduce our cost basis on the position while keeping our hedge in place.

Note: No action is needed on the AAPL Jun 2023 (6/16/23) 100/Jun Monthly (6/17) 150 Call Spread at this time.

Current Stock Price: $132.94

 

Cost Basis: $48.11

Action:

  • Sell to close the AAPL Jun Monthly (6/17) 135 Put for around $4.25
  • Buy to open the AAPL Jun Monthly (6/17) 125 Put for around $0.92
  • Set initial credit limit at $3.33, but adjust as needed to roll today

New Cost Basis: $44.78

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