I am recommending we roll our Advanced Micro Devices (AMD), Ford (F) and Pfizer (PFE) puts out one week to avoid assignment. In addition to buying ourselves some time, we will be picking up additional income.
AMD Jan Monthly (1/21) 132 Put
Current Stock Price: $127.50
Cash in Hand: $2.25
Action:
- Buy to close the AMD Jan Monthly (1/21) 132 Put for around $4.95
- Sell to open the AMD Jan Week Four (1/28) 132 Put for around $7
- Set initial credit limit at $2.05, but adjust as needed to roll today
New Cash in Hand: $4.30
F Jan Monthly (1/21) 25 Put
Current Stock Price: $22.66
Cash in Hand: $0.37
Action:
- Buy to close the F Jan Monthly (1/21) 25 Put for around $2.35
- Sell to open the F Jan Week Four (1/28) 25 Put for around $2.52
- Set initial credit limit at $0.17, but adjust as needed to roll today
New Cash in Hand: $0.54
PFE Jan Monthly (1/21) 55.50 Put
Current Stock Price: $53.50
Cash in Hand: $0.91
Action:
- Buy to close the PFE Jan Monthly (1/21) 55.50 Put for around $2.07
- Sell to open the PFE Jan Week Four (1/28) 55.50 Put for around $2.71
- Set initial credit limit at $0.64, but adjust as needed to roll today
New Cash in Hand: $1.55