I am recommending we roll our Microsoft (MSFT), Netflix (NFLX) and Roku (ROKU) spreads.
MSFT Jan 2021 (1/15/21) 125 Call/Mar Week Two (3/13) 195 Call/160 Put Spread
Note: No action is needed on the MSFT Jan 2021 (1/15/21) 125 Call at this time.
Current Stock Price: $143.74
Cost Basis: $58.64
Action:
- Buy to close the MSFT Mar Week Two (3/13) 195 Call for around $0.01
- Sell to open the MSFT Mar Week Four (3/27) 155 Call for around $4.16
- Set initial credit limit at $4.15
- Sell to close the MFST Mar Week Two (3/13) 160 Put for around $16.57
- Buy to open the MSFT Mar Week Four (3/27) 135 Put for around $6.17
- Set initial credit limit at $10.40
New Cost Basis: $44.09
NFLX Mar Week Two (3/13) 340/335 Put Spread
Current Stock Price: $316.91
Cash in Hand: $0.54
Action:
- Buy to close the NFLX Mar Week Two (3/13) 340 Put for around $24.05
- Sell to close the NFLX Mar Week Two (3/13) 335 Put for around $19.55
- Set initial debit limit at $4.50
- Sell to open the NFLX Mar Week Four (3/27) 300 Put for around $14.70
- Buy to open the NFLX Mar Week Four (3/27) 295 Put for around $13.05
- Set initial credit limit at $1.65
New Net Debit: $2.31
ROKU Mar Monthly (3/20) 90/85 Put Spread
Current Stock Price: $82.25
Net Debit: $0.90
Action:
- Buy to close the ROKU Mar Monthly (3/20) 90 Put for around $11.75
- Sell to close the ROKU Mar Monthly (3/20) 85 Put for around $8.30
- Set initial debit limit at $3.45
- Sell to open the ROKU Mar Week Four (3/27) 75 Put for around $4.90
- Buy to open the ROKU Mar Week Four (3/27) 70 Put for around $3.55
- Set initial credit limit at $1.35
New Net Debit: $3