I am recommending we roll our expiring Apple (AAPL) and SPDR S&P Regional Banking ETF (KRE) calls out two weeks.
AAPL Sept 2022 Call (9/16/22) 120/Aug Week One (8/6) 149 Call Spread
Note: No action is needed on the AAPL Sept 2022 Call (9/16/22) 120 Call at this time.
Current Stock Price: $147.10
Cost Basis: $33.38
Action:
- Buy to close the AAPL Aug Week One (8/6) 149 Call for around $0.19
- Sell to open the AAPL Aug Monthly (8/20) 150 Call for around $1.19
- Set initial credit limit at $1
New Cost Basis: $32.38
KRE Aug Week One (8/6) 64 Call
Current Stock Price: $63.39
Cost Basis: $67.50
Action:
- Buy to close the KRE Aug Week One (8/6) 64 Call for around $0.27
- Sell to open the KRE Aug Monthly (8/20) 64 Call for around $1.15
- Set initial credit limit at $0.88
New Cost Basis: $66.62