I am recommending we book profits on Chewy (CHWY) and SPDR S&P Biotech ETF (XBI).
Our Starbucks (SBUX) and Western Digital (WDC) puts are in the money. Rather than roll, I am recommending we accept shares. We will sell calls against them soon.
CHWY Aug Week Two (8/13) 90 Put
Current Stock Price: $96.71
Cash in Hand: $0.75
Action: Buy to close the CHWY Aug Week Two (8/13) 90 Put for around $0.06
Profit: $0.69, or $69 per contract
SBUX Aug Week Two (8/13) 119 Put
Current Stock Price: $115.92
Cash in Hand: $2.32
Action: Accept shares
Cost Basis: $116.68
WDC Aug Week Two (8/13) 65 Put
Current Stock Price: $63.24
Cash in Hand: $0.49
Action: Accept shares
Cost Basis: $64.51
XBI Aug Week Two (8/13) 125 Put
Current Stock Price: $126.72
Cash in Hand: $0.99
Action: Buy to close the XBI Aug Week Two (8/13) 125 Put for around $0.13
Profit: $0.86, or $86 per contract