I am recommending we roll our Advanced Micro Devices (AMD), Bank of America (BAC) and First Solar (FSLR) positions out one week to generate more income.
AMD Dec Week Two (12/10) 145 Put
Current Stock Price: $142.20
Cash in Hand: $2.09
Action:
- Buy to close the AMD Dec Week Two (12/10) 145 Put for around $3.60
- Sell to open the AMD Dec Monthly (12/17) 145 Put for around $5.90
- Set initial credit limit at $2.30, but adjust as needed to roll today
New Cash in Hand: $4.39
BAC Dec Week Two (12/10) 44 Put
Current Stock Price: $44.29
Cash in Hand: $0.50
Action:
- Buy to close the BAC Dec Week Two (12/10) 44 Put for around $0.21
- Sell to open the BAC Dec Monthly (12/17) 44 Put for around $0.60
- Set initial credit limit at $0.39, but adjust as needed to roll today
New Cash in Hand: $0.89
FSLR Dec Week Two (12/10) 105 Call
Current Stock Price: $98.16
Cost Basis: $106.59
Action:
- Buy to close the FSLR Dec Week Two (12/10) 105 Call for around $0.04
- Sell to open the FSLR Dec Monthly (12/17) 100 Call for around $1.84
- Set initial credit limit at $1.80, but adjust as needed to roll today
New Cost Basis: $104.79