Our Advanced Micro Devices (AMD) put is in the money, but premiums are huge. Therefore, I am recommending we roll the put rather than accept shares.
Note that this trade is only for those already in the AMD position.
Current Stock Price: $99.95
Net Debit: $23.84
- Buy to close the AMD May Monthly (5/20) 102 Put for around $3.10
- Sell to open the AMD May Week Four (5/27) 102 Put for around $5.10
- Set initial credit limit at $2, but adjust as needed to roll today
New Net Debit: $21.84