I am recommending we roll our expiring positions in Apple (AAPL), Chewy (CHWY), QuantumScape (QS) and Invesco Solar ETF (TAN).
AAPL Jan Monthly (1/21/22) 100/Jun Monthly (6/18) 127 Call Spread
Note: No action is needed on our AAPL Jan Monthly (1/21/22) 100 Call at this time.
Current Stock Price: $131.78
Cost Basis: $31.22
Action:
- Buy to close the AAPL Jun Monthly (6/18) 127 Call for around $4.80
- Sell to open the AAPL Jul Monthly (7/16) 130 Call for around $4.05
- Set initial debit limit at $0.75
New Cost Basis: $31.97
CHWY Jun Monthly (6/18) 75 Put
Current Stock Price: $77.80
Net Debit: $3.15
Action:
- Buy to close the CHWY Jun Monthly (6/18) 75 Put for around $0.24
- Sell to open the CHWY Jun Week Four (6/25) 76 Put for around $1.34
- Set initial credit limit at $1.10
New Net Debit: $2.05
QS Jun Monthly (6/18) 29 Call
Current Stock Price: $27.17
Cost Basis: $36.61
Action:
- Buy to close the QS Jun Monthly (6/18) 29 Call for around $0.18
- Sell to open the QS Jun Week Four (6/25) 29 Call for around $0.84
- Set initial credit limit at $0.66
New Cost Basis: $35.95
TAN Jun Monthly (6/18) 76 Call
Current Stock Price: $82.74
Cost Basis: $82.90
Action:
- Buy to close the TAN Jun Monthly (6/18) 76 Call for around $6.65
- Sell to open the TAN Jul Week One (7/2) 77 Call for around $6.25
- Set initial debit limit at $0.40
New Cost Basis: $83.30