I am recommending we roll our JPMorgan Chase (JPM) and Starbucks (SBUX) positions.

JPM Aug Monthly (8/21) 97.50 Put

Current Stock Price: $97.49

Cash in Hand: $0.77

Action:

• Buy to close the JPM Aug Monthly (8/21) 97.50 Put for around $0.68
• Sell to open the JPM Aug Week Four (8/28) 97.50 Put for around $1.71
• Set initial credit limit at $1.03

New Cash in Hand: $1.80

SBUX Aug Monthly (8/21) 75 Call

Current Stock Price: $77.22

Cost Basis: $90.85

Action:

• Buy to close the SBUX Aug Monthly (8/21) 75 Call for around $2.29
• Sell to open the SBUX Aug Week Four (8/28) 76 Call for around $1.82
• Set initial debit limit at $0.47

New Cost Basis: $91.32