We have two positions in Microsoft (MSFT) expiring today. We are rolling the bull put spread. And for those who sold the standalone put, I am recommending we accept shares and we will sell a call against them soon.
Our Netflix (NFLX) and Roku (ROKU) spreads are on track to expire worthless. We will book a profit on NFLX and will continue the ROKU position with another spread, carrying over our net debit.
Finally, let’s allow our Starbucks (SBUX) shares to be called away. We will continue the position by selling a put in the near future to lower our net debit on the position.
MSFT Sep Monthly (9/18) 220 Put
Current Stock Price: $200.80
Cash in Hand: $6.05
Action: Accept shares
Cost Basis: $213.95
MSFT Sep Monthly (9/18) 200/195 Bull Put Spread
Cash in Hand: $0.42
Action:
- Buy to close the MSFT Sep Monthly (9/18) 200 Put around $0.87
- Sell to close the MSFT Sep Monthly (9/18) 195 Put for around $0.11
- Set initial debit limit at $0.76
- Sell to open the MSFT Oct Monthly (10/16) 200 Put for around $7.55
- Buy to open the MSFT Oct Monthly (10/16) 195 Put for around $5.45
- Set initial credit limit at $2.10
New Cash in Hand: $1.76
NFLX Sep Monthly (9/18) 440/435 Put Spread
Current Stock Price: $468.88
Cash in Hand: $0.70
Action: Watch spread expire worthless
Profit: $0.70, or $70 per spread
ROKU Sep Monthly (9/18) 130/125 Put Spread
Current Stock Price: $161.59
Net Debit: $1.57
Action: Watch spread expire worthless
SBUX Sep Monthly (9/18) 77.50 Call
Current Stock Price: $86.07
Cost Basis: $92.32
Action: Allow shares to be called away
Net Debit: $14.82