I am recommending we roll our Advanced Micro Devices (AMD) put and the short leg of our Microsoft (MSFT) LEAP call spread.
AMD Aug Week Two (8/13) 110 Put
Current Stock Price: $106.59
Cash in Hand: $2.76
Action:
- Buy to close the AMD Aug Week Two (8/13) 110 Put for around $3.75
- Sell to open the AMD Aug Monthly (8/20) 110 Put for around $5.25
- Set initial credit limit at $1.50
New Cash in Hand: $4.26
MSFT Sept 2022 (9/16/22) 250/Aug Week Two (8/13) 290 Call Spread
Current Stock Price: $289.51
Cost Basis: $51.36
Action:
- Buy to close the MSFT Aug Week Two (8/13) 290 Call for around $0.83
- Sell to open the MSFT Aug Week Four (8/27) 295 Call for around $1.35
- Set initial credit limit at $0.52
New Cost Basis: $50.84