I am recommending we roll our Advanced Micro Devices (AMD) call and book profits on our Crocs (CROX) position.
AMD Feb Week Two (2/12) 90 Call
Current Stock Price: $92.65
Cost Basis: $86.82
Action:
- Buy to close the AMD Feb Week Two (2/12) 90 Call for around $2.83
- Sell to open the AMD Feb Monthly (2/19) 91 Call for around $3.07
- Set initial credit limit at $0.24
Cost Basis: $86.58
CROX Feb Monthly (2/19) 80 Call
Current Stock Price: $79.26
Cost Basis: $72.33
Action:
- Buy to close the CROX Feb Monthly (2/19) 80 Call for around $2
- Sell shares at market
Profit: $4.93, or $493 per 100 shares