Our Advanced Micro Devices (AMD) put expired worthless last week. I am recommending a new put to generate income and reduce our sizeable net debit on the position.
You can enter today’s trade even if you were not in the previous one. Just be aware that we will be managing and tracking it based on the ongoing position.
Current Stock Price: $98.88
Net Debit: $26.72
Action: Sell to open the AMD May Monthly (5/20) 93 Put for around $0.84, but adjust as needed to sell a put today
New Net Debit: $25.88