Our Best Buy (BBY), First Solar (FSLR), Micron Technology (MU), The Trade Desk (TTD) and SPDR S&P Biotech ETF (XBI) protective puts are on track to expire worthless. We will simply watch them do so.
BBY Jun Week Four (6/24) 64 Put
Note: No action is needed on the BBY Jul Week One (7/1) 72.50 Call at this time.
Current Stock Price: $72.96
Cost Basis: $94.89
Action: Watch BBY Jun Week Four (6/24) 64 Put expire worthless
FSLR Jun Week Four (6/24) 60 Put
Note: No action is needed on the FSLR Jul Week One (7/1) 70 Call at this time.
Current Stock Price: $68.73
Cost Basis: $83.67
Action: Watch FSLR Jun Week Four (6/24) 60 Put expire worthless
MU Jun Week Four (6/24) 53.50 Put
Note: No action is needed on the MU Jul Week One (7/1) 60 Call at this time.
Current Stock Price: $58.72
Cost Basis: $68.79/$72.24
Action: Watch MU Jun Week Four (6/24) 53.50 Put expire worthless
TTD Jun Week Four (6/24) 40 Put
Note: No action is needed on the TTD Jul Week One (7/1) 49 Put at this time.
Current Stock Price: $47.66
Net Debit: $1.25
Action: Watch TTD Jun Week Four (6/24) 40 Put expire worthless
XBI Jun Week Four (6/24) 55 Put
Note: No action is needed on the XBI Jul Week Two (7/8) 75 Call at this time.
Current Stock Price: $76.10
Cost Basis: $89.77
Action: Watch XBI Jun Week Four (6/24) 55 Put expire worthless