I am recommending we accept shares of JPMorgan Chase (JPM) and will sell a call against them next week.
Our Micron Technology (MU) put is on track to expire worthless, but I am recommending we roll it simply to generate more income.
JPM Jan Week Four (1/22) 135 Put
Current Stock Price: $133.84
Cash in Hand: $1
Action: Accept shares
Cost Basis: $134
MU Jan Week Four (1/22) 82.50 Put
Current Stock Price: $83.88
Cash in Hand: $0.85
- Buy to close the MU Jan Week Four (1/22) 82.50 Put for around $0.12
- Sell to open the MU Jan Week Five (1/29) 82.50 Put for around $1.29
- Set initial credit limit at $1.17
New Cash in Hand: $2.02