I am recommending we roll our Advanced Micro Devices (AMD), D.R. Horton (DHI) and SPDR S&P Regional Banking ETF (KRE) positions.
AMD Aug Monthly (8/20) 110 Put
Current Stock Price: $104.77
Cash in Hand: $4.26
Action:
- Buy to close the AMD Aug Monthly (8/20) 110 Put for around $5.45
- Sell to open the AMD Aug Week Four (8/27) 110 Put for around $6.35
- Set initial credit limit at $0.90
New Cash in Hand: $5.16
DHI Aug Monthly (8/20) 95 Put
Current Stock Price: $93.30
Cash in Hand: $1.81
Action:
- Buy to close the DHI Aug Monthly (8/20) 95 Put for around $2.13
- Sell to open the DHI Aug Week Four (8/27) 95 Put for around $2.89
- Set initial credit limit at $0.76
New Cash in Hand: $2.57
KRE Aug Monthly (8/20) 64 Call
Current Stock Price: $63.31
Cost Basis: $66.62
Action:
- Buy to close the KRE Aug Monthly (8/20) 64 Call for around $0.29
- Sell to open the KRE Aug Week Four (8/27) 64 Call for around $0.92
- Set initial credit limit at $0.63
New Cost Basis: $65.99