I am recommending we roll our expiring General Motors (GM) and QuantumScape (QS) calls.
GM Jan Monthly (1/21/22) 50/Apr Week Five (4/30) 58 Call Spread
Note: No action is needed on the GM Jan Monthly (1/21/22) 50 Call at this time.
Current Stock Price: $56.03
Cost Basis: $11.33
Action:
- Buy to close the GM Apr Week Five (4/30) 58 Call for around $0.07
- Sell to open the GM May Week One (5/7) 58 Call for around $0.94
- Set initial credit limit at $0.87
New Cost Basis: $10.46
QS Apr Week Five (4/30) 40 Call
Current Stock Price: $36.50
Cost Basis: $42.23
Action:
- Buy to close the QS Apr Week Five (4/30) 40 Call for around $0.10
- Sell to open the QS May Week One (5/7) 40 Call for around $0.75
- Set initial credit limit at $0.65
New Cost Basis: $41.58