I am recommending we roll our Advanced Micro Devices (AMD) put out one week to generate more income and reduce our net debit on the position.
Current Stock Price: $102.02
Net Debit: $19.40
- Buy to close the AMD Jun Week Two (6/10) 100 Put for around $1.61
- Sell to open the AMD Jun Monthly (6/17) 100 Put for around $3.17
- Set initial credit limit at $1.56, but adjust as needed to roll today
New Net Debit: $17.84