Apple (AAPL), Best Buy (BBY), First Solar (FSLR) and Yeti Holdings (YETI) have all been hit hard this past week. I am recommending we accept shares rather than attempt to roll. We will sell calls against our shares soon to reduce our cost basis on the positions.
On a brighter note, our D.R. Horton (DHI) put is on track to expire worthless and we are on track to have our Western Digital (WDC) shares called away. With both positions, we are walking away with a profit thanks to our active recovery strategy.
AAPL Dec Week One (12/3) 167.50 Put
Current Stock Price: $161.18
Cash in Hand: $1.07
Action: Accept shares
Cost Basis: $166.43
BBY Dec Week One (12/3) 112 Put
Current Stock Price: $105.36
Cash in Hand: $0.34
Action: Accept shares
Cost Basis: $111.66
DHI Dec Week One (12/3) 97 Put
Current Stock Price: $102.65
Cash in Hand: $0.80
Action: Watch put expire worthless
Profit: $0.80, or $80 per contract
FSLR Dec Week One (12/3) 110 Put
Current Stock Price: $98.19
Cash in Hand: $2.49
Action: Accept shares
Cost Basis: $107.51
WDC Dec Week One (12/3) 56 Call
Current Stock Price: $57.24
Cost Basis: $54.84
Action: Allow shares to be called away
Profit: $1.16, or $116 per contract
YETI Dec Week One (12/3) 95 Put
Current Stock Price: $86.58
Net Debit: $0.70
Action: Accept shares
Cost Basis: $94.30