I am recommending we roll our Advanced Micro Devices (AMD) and Pfizer (PFE) puts out one week to generate more income and reduce our net debits on the positions.
AMD Jun Week One (6/3) 102 Put
Current Stock Price: $100.66
Net Debit: $20.34
Action:
- Buy to close the AMD Jun Week One (6/3) 102 Put for around $2.81
- Sell to open the AMD Jun Week Two (6/10) 100 Put for around $3.75
- Set initial credit limit at $0.94, but adjust as needed to roll today
New Net Debit: $19.40
PFE Jun Week One (6/3) 52 Put
Current Stock Price: $51.99
Net Debit: $2.63
Action:
- Buy to close the PFE Jun Week One (6/3) 52 Put for around $0.57
- Sell to open the PFE Jun Week Two (6/10) 52 Put for around $1
- Set initial credit limit at $0.43, but adjust as needed to roll today
New Net Debit: $2.20