I am recommending we roll our Apple (AAPL) bull put spread and Advanced Micro Devices (AMD) and Starbucks (SBUX) puts.
AAPL Sep Week Four (9/25) 110/105 Put Spread
Current Stock Price: $107.88
Cash in Hand: $1.23
Action:
- Buy to close the AAPL Sep Week Four (9/25) 110 Put for around $2.90
- Sell to close the AAPL Sep Week Four (9/25) 105 Put for around $0.73
- Set initial debit limit at $2.17
- Sell to open the AAPL Oct Monthly (10/16) 105 Put for around $3.98
- Buy to open the AAPL Oct Monthly (10/16) 100 Put for around $2.23
- Set initial credit limit at $1.75
New Cash in Hand: $0.81
AMD Sep Week Four (9/25) 80 Put
Current Stock Price: $75.26
Cash in Hand: $3.55
Action:
- Buy to close the AMD Sep Week Four (9/25) 80 Put for around $4.80
- Sell to open the AMD Oct Week Two (10/9) 80 Put for around $6.50
- Set initial credit limit at $1.70
New Cash in Hand: $5.25
SBUX Sep Week Four (9/25) 83.50 Put
Current Stock Price: $82.34
Net Debit: $14.34
Action:
- Buy to close the SBUX Sep Week Four (9/25) 83.50 Put for around $1.55
- Sell to open the SBUX Oct Week One (10/2) 83 Put for around $2.03
- Set initial credit limit at $0.48
New Net Debit: $13.86