I am recommending we roll our Apple (AAPL) and Moderna (MRNA) calls out two weeks and to lower strike prices to generate more income and reduce our cost basis on the positions.
AAPL Sep Week Five (9/30) 160 Call
Current Stock Price: $148.76
Cost Basis: $160.06
Action:
- Buy to close the AAPL Sep Week Five (9/30) 160 Call for around $0.03
- Sell to open the AAPL Oct Week Two (10/14) 155 Call for around $2.25
- Set initial credit limit at $2.22, but adjust as needed to roll today
New Cost Basis: $157.84
MRNA Sep Week Five (9/30) 150 Call
Current Stock Price: $122.65
Cost Basis: $168.63
Action:
- Buy to close the MRNA Sep Week Five (9/30) 150 Call for around $0.03
- Sell to open the MRNA Oct Week Two (10/14) 135 Call for around $2.45
- Set initial credit limit at $2.42, but adjust as needed to roll today
New Cost Basis: $166.21