I am recommending we roll our Advanced Micro Devices (AMD) and Kroger Co. (KR) puts out two weeks to buy time and generate more income.
If you have been assigned shares on either of these positions and would like guidance on selling calls, please email me at [email protected], or at my private email address if you are in the Income Masters program.
AMD Feb Monthly (2/18) 132 Put
Current Stock Price: $114.08
Cash in Hand: $7.98
Action:
- Buy to close the AMD Feb Monthly (2/18) 132 Put for around $17.90
- Sell to open the AMD Mar Week One (3/4) 132 Put for around $18.35
- Set initial credit limit at $0.45, but adjust as needed to roll today
New Cash in Hand: $8.43
KR Feb Monthly (2/18) 48 Put
Current Stock Price: $45.11
Cash in Hand: $1.09
Action:
- Buy to close the KR Feb Monthly (2/18) 48 Put for around $2.93
- Sell to open the KR Mar Week One (3/4) 48 Put for around $3.03
- Set initial credit limit at $0.10, but adjust as needed to roll today
New Cash in Hand: $1.19