I am recommending we roll our expiring calls in Apple (AAPL), General Motors (GM), QuantumScape (QS) and Invesco Solar ETF (TAN).
AAPL Jan Monthly (1/21/22) 100/May Monthly (5/21) 130 Call Spread
Note: No action is needed on the AAPL Jan Monthly (1/21/22) 100 Call at this time.
Current Stock Price: $127.23
Cost Basis: $33.88
Action:
- Buy to close the AAPL May Monthly (5/21) 130 Call for around $0.04
- Sell to open the AAPL May Week Four (5/28) 130 Call for around $0.72
- Set initial credit limit at $0.68
New Cost Basis: $33.20
GM Jan Monthly (1/21/22) 50/May Monthly (5/21) 57 Call Spread
Note: No action is needed on the GM Jan Monthly (1/21/22) 50 Call at this time.
Current Stock Price: $55.48
Cost Basis: $9.39
Action:
- Buy to close the GM May Monthly (5/21) 57 Call for around $0.08
- Sell to open the GM May Week Four (5/28) 57 Call for around $0.54
- Set initial credit limit at $0.46
New Cash in Hand: $8.93
QS May Monthly (5/21) 30 Call
Current Stock Price: $27.29
Cost Basis: $39.30
Action:
- Buy to close the QS May Monthly (5/21) 30 Call for around $0.11
- Sell to open the QS May Week Four (5/28) 30 Call for around $0.76
- Set initial credit limit at $0.65
New Cost Basis: $38.65
TAN May Monthly (5/21) 73 Call
Current Stock Price: $78.08
Cost Basis: $82.95
Action:
- Buy to close the TAN May Monthly (5/21) 73 Call for around $5.05
- Sell to open the TAN Jun Week One (6/4) 74 Call for around $5.15
- Set initial credit limit at $0.10
New Cost Basis: $82.85