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Income Masters Trade Alert: AAPL, AMD, GM, QS

I am recommending we roll our expiring positions in Apple (AAPL) and QuantumScape (QS).

And let’s book profits on our Advanced Micro Devices (AMD) put and General Motors (GM) call spread.

AAPL Jan Monthly (1/21/22) 100/ Jun Week Two (6/11) 127 Call Spread

Note: No action is needed on our AAPL Jan Monthly (1/21/22) 100 Call at this time.

Current Stock Price: $126.64

Cost Basis: $32.14

Action:

  • Buy to close the AAPL Jun Week Two (6/11) 127 Call for around $0.47
  • Sell to open the AAPL Jun Monthly (6/18) 127 Call for around $1.39
  • Set initial credit limit at $0.92

New Cost Basis: $31.22

AMD Jun Week Two (6/11) 80 Put

Current Stock Price: $81.03

Cash in Hand: $0.64

Action: Buy to close the AMD Jun Week Two (6/11) 80 Put for around $0.20

Profit: $0.44, or $44 per contract

GM Jan Monthly (1/21/22) 50/Jun Week Two (6/11) 58 Call Spread

Current Stock Price: $61.46

Cost Basis: $9.22

Action:

  • Buy to close the GM Jun Week Two (6/11) 58 Call for around $3.60
  • Sell to close the GM Jan Monthly (1/21/22) 50 Call for around $13.55

Profit: $0.73, or $73 per spread

QS Jun Week Two (6/11) 29 Call

Current Stock Price: $28.13

Cash in Hand: $37.56

Action:

  • Buy to close the QS Jun Week Two (6/11) 29 Call for around $0.57
  • Sell to open the QS Jun Monthly (6/18) 29 Call for around $1.52
  • Set initial credit limit at $0.95

New Cost Basis: $36.61

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