Let’s roll our Apple (AAPL) put out two weeks and up one strike to generate more cash and flip our net debit to cash in hand.
Note that this trade is only for members currently in the position, as we will be looking to exit at breakeven if possible.
Current Stock Price: $187.92
Net Debit: $0.76
- Buy to close the AAPL 30 Jun 180 Put for around $0.06
- Sell to open the AAPL 14 Jul 182.50 Put for around $0.86
- Set initial credit limit at $0.80, but adjust as needed to roll today
Cash in Hand: $0.04