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SFPC Trade Alert: CVS, MSFT, NFLX, NKE

We have four positions expiring today.

Our CVS Health (CVS) call is on track to expire worthless. We will simply watch it so do and sell another call against our shares in the near future.

For our Microsoft (MSFT) strangle, I am recommending we roll our short call to a lower strike. The long put is on track to expire worthless, so I am recommending a new put to purchase today as protection.

Our Netflix (NFLX) bull put spread is on track to expire worthless. I will recommend a new spread next week, carrying over our net debit.

Finally, I am recommending we roll our Nike (NKE) call up to attempt to capture more appreciation.

CVS Mar Week Four (3/27) 60 Call

Current Stock Price: $58.42

Cost Basis: $69.68

Action: Watch call expire worthless

MSFT Jan 2021 (1/15/21) 125 Call/
Mar Week Four (3/27) 155 Call/Mar Week Four (3/27) 135 Put Spread

Note: No action is needed on the MSFT Jan 2021 (1/15/21) 125 Call at this time.

Current Stock Price: $151.98

Cost Basis: $44.09

Action:

  • Buy to close the MSFT Mar Week Four (3/27) 155 Call for around $0.55
  • Watch the MSFT Mar Week Four (3/27) 135 Put expire worthless

 

  • Sell to open the MSFT Apr Monthly (4/17) 155 Call for around $6.85
  • Buy to open the MSFT Apr Week Two (4/9) 140 Put for around $3.45

New Cost Basis: $41.24

NFLX Mar Week Four (3/27) 300/295 Put Spread

Current Stock Price: $363.99

Net Debit: $2.31

Action: Watch spread expire worthless

NKE Mar Week Four (3/27) 70 Call

Current Stock Price: $82.25

Cost Basis: $92.79

Action:

  • Buy to close the NKE Mar Week Four (3/27) 70 Call for around $13
  • Sell to open the NKE Apr Week Two (4/9) 71 Call for around $12.90
  • Set your initial debit limit at $0.10

New Cost Basis: $92.89

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