I am recommending we roll our expiring positions in Apple (AAPL), Advanced Micro Devices (AMD), Chewy (CHWY) and Moderna (MRNA).
AAPL Jan Monthly (1/21/22) 100/Apr Week Two (4/9) 125 Call Spread
Note: No action is needed on our AAPL Jan Monthly (1/21/22) 100 Call at this time.
Current Stock Price: $129.18
Cost Basis: $34.50
Action:
- Buy to close the AAPL Apr Week Two (4/9) 125 Call for around $4.23
- Sell to open the AAPL Apr Week Four (4/23) 126 Call for around $4.50
- Set initial credit limit at $0.27
New Cost Basis: $34.23
AMD April Week Two (4/9) 80 Call
Current Stock Price: $82.79
Cost Basis: $80.64
Action:
- Buy to close the AMD Apr Week Two (4/9) 80 Call for around $2.85
- Sell to open the AMD Apr Monthly (4/16) 81 Call for around $2.66
- Set initial debit limit at $0.19
New Cost Basis: $80.83
CHWY Apr Week Two (4/9) 80 Put
Current Stock Price: $81.25
Net Debit: $5.01
Action:
- Buy to close the CHWY Apr Week Two (4/9) 80 Put for around $0.50
- Sell to open the CHWY Apr Monthly (4/16) 82 Put for around $2.80
- Set initial credit limit at $2.30
New Net Debit: $2.71
MRNA Apr Week Two (4/9) 130 Put
Current Stock Price: $134.10
Cash in Hand: $1.14
Action:
- Buy to close the MRNA Apr Week Two (4/9) 130 Put for around $0.65
- Sell to open the MRNA Apr Monthly (4/16) 130 Put for around $3
- Set initial credit limit at $2.35
New Cash in Hand: $3.49