I am recommending we roll our Apple (AAPL) put out one week to generate more income.
If you are not currently in an AAPL position, you can enter one now be selling the Jan. 15 put.
No action is needed on our Applied Materials (AMAT) Dec Week Four (12/24) 87 Call, Chewy (CHWY) Jan Week Two (1/8) 100 Put or Target (TGT) Jan Week Two (1/8) 175 Call at this time.
Current Stock Price: $130.37
- Buy to close the AAPL Jan Week Two (1/8) 130 Put for around $0.97
- Sell to open the AAPL Jan Monthly (1/15) 130 Put for around $2.39
- Set your initial credit limit at $1.42
Disclosure: I have positions or trade in and out of AAPL, AMAT, CHWY and TGT.