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SFPC Trade Alert: CVS, HAL, ROKU

The market continues to take us on a wild ride of coronavirus and politically induced swings. While I believe the extreme volatility will subside, I expect heightened levels of volatility to remain.

Our CVS Health (CVS) and Halliburton (HAL) calls are on track to expire worthless at the close tomorrow, and we will simply watch them do so. I will recommend new calls to sell against our shares soon to continue to reduce our cost basis on the positions.

Roku (ROKU) is holding up well despite today’s sell-off, and I am recommending we close the standalone put to book a nice profit. I want to see where the stock trades tomorrow before deciding what to do with our spread.

CVS Mar Week One (3/6) 66 Call

Current Stock Price: $64.70

Cost Basis: $72.29

Action: Watch call expire worthless

HAL Mar Week One (3/6) 20 Call

Current Stock Price: $14.80

Cost Basis: $22.93

Action: Watch call expire worthless

ROKU Mar Week One (3/6) 110 Put

Note: No action is needed on the ROKU Mar Week One (3/6) 100/95 Put Spread at this time.

Current Stock Price: $109.37

Cash in Hand: $3.75

Action: Buy to close the ROKU Mar Week One (3/6) 110 Put for around $2.68. but adjust as needed to close today

Profit: $1.07, or $107 per contract

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