I am recommending we roll our Apple (AAPL) and Marvell Technology Group (MRVL) calls to bring in more income and lower or cost basis on the positions.
AAPL Mar Week Four (3/26) 125 Call
Current Stock Price: $119.56
Cost Basis: $129.73
Action:
- Buy to close the AAPL Mar Week Four (3/26) 125 Call for around $0.04
- Sell to open the AAPL Apr Week One (4/1) 124 Call for around $0.63
- Set your initial credit limit at $0.59 but adjust as needed to roll today
New Cost Basis: $129.14
Expiration: After the close on Thursday, April 1
Potential Rate of Return: I am targeting breakeven for this position
MRVL Mar Week Four (3/26) 49 Call
Current Stock Price: $43.80
Cost Basis: $48.88
Action:
- Buy to close the MRVL Mar Week Four (3/26) 49 Call for around $0.04
- Sell to open the MRVL Apr Week One (4/1) 45 Call for around $0.74
- Set your initial credit limit at $0.70, but adjust as needed to roll today
New Cost Basis: $48.18
Expiration: After the close on Thursday, April 1
Potential Rate of Return: I am targeting breakeven for this position