I am recommending we roll our positions in Apple (AAPL), Advanced Micro Devices (AMD), CVS Health (CVS) and General Motors (GM).
AAPL Jan Monthly (1/21/22) 100/Mar Week Four (3/26) 125 Call Spread
Note: No action is needed on the AAPL Jan Monthly (1/21/22) 100 Call at this time.
Current Stock Price: $119.36
Cost Basis: $35.68
Action:
- Buy to close the AAPL Mar Week Four (3/26) 125 Call for around $0.05
- Sell to open the AAPL Apr Week One (4/1) 124 Call for around $0.57
- Set initial credit limit at $0.52
New Cost Basis: $35.16
AMD Mar Week Four (3/26) 82.50 Call
Current Stock Price: $75.61
Cost Basis: $81.52
Action:
- Buy to close the AMD Mar Week Four (3/26) 82.50 Call for around $0.05
- Sell to open the AMD Apr Week One (4/1) 79 Call for around $0.64
- Set initial credit limit at $0.59
New Cost Basis: $80.93
CVS Mar Week Four (3/26) 73.50 Put
Current Stock Price: $73.13
Cash in Hand: $0.84
Action:
- Buy to close the CVS Mar Week Four (3/26) 73.50 Put for around $0.75
- Sell to open the CVS Apr Week One (4/1) 73.50 Put for around $1.22
- Set initial credit limit at $0.47
New Cash in Hand: $1.31
GM Mar Week Four (3/26) 57.50 Put
Current Stock Price: $55.31
Cash in Hand: $1.04
Action:
- Buy to close the GM Mar Week Four (3/26) 57.50 Put for around $2.32
- Sell to open the GM Apr Week One (4/1) 57.50 Put for around $2.77
- Set initial credit limit at $0.45
New Cash in Hand: $1.49