I am recommending we roll our Apple (AAPL), Applied Materials (AMAT) and SPDR S&P Regional Banking ETF (KRE) put positions.
AAPL Dec Monthly (12/17) 170 Put
Current Stock Price: $174.83
Cash in Hand: $1.67
Action:
- Buy to close the AAPL Dec Monthly (12/17) 170 Put for around $0.45
- Sell to open the AAPL Dec Week Four (12/23) 170 Put for around $1.93
- Set initial credit limit at $1.48, but adjust as needed to roll today
New Cash in Hand: $3.15
AMAT Dec Monthly (12/17) 147 Put
Current Stock Price: $149.84
Cash in Hand: $1.16
Action:
- Buy to close the AMAT Dec Monthly (12/17) 147 Put for around $0.63
- Sell to open the AMAT Dec Week Four (12/23) 147 Put for around $2.06
- Set initial credit limit at $1.43, but adjust as needed to roll today
New Cash in Hand: $2.59
KRE Dec Monthly (12/17) 70 Put
Current Stock Price: $71.58
Cash in Hand: $0.95
Action:
- Buy to close the KRE Dec Monthly (12/17) 70 Put for around $0.15
- Sell to open the KRE Dec Week Four (12/23) 70 Put for around $0.65
- Set initial credit limit at $0.50, but adjust as needed to roll today
New Cash in Hand: $1.45