I am recommending we roll our KB Home (KBH), SPDR S&P Regional Banking ETF (KRE) and Williams-Sonoma (WSM) call positions.
KBH Jul Monthly (7/16) 46 Call
Current Stock Price: $38.92
Cost Basis: $46.28
Action:
- Buy to close the KBH Jul Monthly (7/16) 46 Call for around $0.05
- Sell to open the KBH Aug Monthly (8/20) 42 Call for around $0.55
- Set initial credit limit at $0.50
New Cost Basis: $45.78
KRE Jul Monthly (7/16) 68 Call
Current Stock Price: $63.82
Cost Basis: $69.15 (Note that the cost basis was incorrectly listed as $68.15 in the previous alert.)
Action:
- Buy to close the KRE Jul Monthly (7/16) 68 Call for around $0.02
- Sell to open the KRE Jul Week Four (7/23) 64.50 Call for around $0.78
- Set initial credit limit at $0.76
New Cost Basis: $68.39
WSM Jul Monthly (7/16) 165 Call
Current Stock Price: $159.03
Cost Basis: $160.43
Action:
- Buy to close the WSM Jul Monthly (7/16) 165 Call for around $0.10
- Sell to open the WSM Aug Monthly (8/20) 165 Call for around $4.05
- Set initial credit limit at $3.95
New Cost Basis: $156.48