I am recommending we roll our Chewy (CHWY) put and QuantumScape (QS) call.
CHWY Jun Week Four (6/25) 76 Put
Current Stock Price: $80.13
Net Debit: $2.05
Action:
- Buy to close the CHWY Jun Week Four (6/25) 76 Put for around $0.12
- Sell to open the CHWY Jul Week One (7/2) 80 Put for around $1.93
- Set initial credit limit at $1.81
New Net Debit: $0.24
QS Jun Week Four (6/25) 29 Call
Current Stock Price: $28.50
Cost Basis: $35.95
Action:
- Buy to close the QS Jun Week Four (6/25) 29 Call for around $0.29
- Sell to open the QS Jul Week One (7/2) 29 Call for around $1.14
- Set initial credit limit at $0.85
New Cost Basis: $35.10