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SFPC Trade Alert: CVS, MSFT, NFLX, ROKU

I am recommending we roll our CVS Health (CVS) and Microsoft (MSFT) calls.

Our Netflix (NFLX) and Roku (ROKU) spreads are on track to expire worthless. We will simply watch them do so and create new spreads soon to reduce our net debit on these positions.

CVS Apr Monthly (4/17) 60 Call

Current Stock Price: $62.79

Cost Basis: $68.28

Action:

  • Buy to close the CVS Apr Monthly (4/17) 60 Call for around $2.80
  • Sell to open the CVS May Monthly (5/15) 62.50 Call for around $3.05
  • Set initial credit limit at $0.25, but adjust as needed to roll today

New Cost Basis: $68.03

MSFT Jan 2021 (1/15/21) 125/Apr Monthly (4/17) 155 Call Spread

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

Current Stock Price: $176.94

Cost Basis: $41.24

Action:

  • Buy to close the MSFT Apr Monthly (4/17) 155 Call for around $21.70
  • Sell to open the MSFT May Monthly (5/15) 155 Call for around $23.55
  • Set your initial credit limit at $1.85, but adjust as needed to roll today

New Cost Basis: $39.39

NFLX Apr Monthly (4/17) 330/320 Put Spread

Current Stock Price: $418.80

Net Debit: $1.66

Action: Watch spread expire worthless

ROKU Apr Monthly (4/17) 55/50 Put Spread

Current Stock Price: $123.36

Net Debit: $4.60

Action: Watch spread expire worthless

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