We have calls in CVS Health (CVS), Walt Disney (DIS), Expedia (EXP) and Moderna (MRNA) expiring this week. I am recommending we roll them out two weeks.
Note that the new calls expire on a Thursday, as the market is closed on Friday, April 7, in observance of Good Friday.
With CVS and EXPE, we are lowering our strikes to generate a larger chunk of income.
Our DIS and MRNA calls are in the money, so we are rolling out to avoid having our shares called away and to higher strike prices to capture more potential appreciation.
CVS Mar Week Four (3/24) 77 Call
Current Stock Price: $73.11
Cost Basis: $87.18
Action:
- Buy to close the CVS Mar Week Four (3/24) 77 Call for around $0.02
- Sell to open the CVS Apr Week One (4/6) 75 Call for around $0.64
- Set initial credit limit at $0.62, but adjust as needed to roll today
New Cost Basis: $86.56
DIS Mar Week Four (3/24) 95 Call
Current Stock Price: $96.61
Cost Basis: $106.50
Action:
- Buy to close the DIS Mar Week Four (3/24) 95 Call for around $1.91
- Sell to open the DIS Apr Week One (4/6) 97 Call for around $2.15
- Set initial credit limit at $0.24, but adjust as needed to roll today
New Cost Basis: $106.26
EXPE Mar Week Four (3/24) 99 Call
Current Stock Price: $93.46
Cost Basis: $104.84
Action:
- Buy to close the EXPE Mar Week Four (3/24) 99 Call for around $0.07
- Sell to open the EXPE Apr Week One (4/6) 95 Call for around $2.34
- Set initial credit limit at $2.27, but adjust as needed to roll today
New Cost Basis: $102.57
MRNA Mar Week Four (3/24) 145 Call
Current Stock Price: $148.33
Cost Basis: $185.40
Action:
- Buy to close the MRNA Mar Week Four (3/24) 145 Call for around $4.25
- Sell to open the MRNA Apr Week One (4/6) 150 Call for around $4.85
- Set initial credit limit at $0.60, but adjust as needed to roll today
New Cost Basis: $184.80