I am recommending we roll our Advanced Micro Devices (AMD) and Taiwan Semiconductor Manufacturing (TSM) puts to buy time.
If you have been assigned shares on any 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 Week Two (2/11) 132 Put
Current Stock Price: $130.08
Cash in Hand: $5.74
Action:
- Buy to close the AMD Feb Week Two (2/11) 132 Put for around $2.86
- Sell to open the AMD Feb Monthly (2/18) 132 Put for around $5.10
- Set initial credit limit at $2.24, but adjust as needed to roll today
New Cash in Hand: $7.98
TSM Feb Week Two (2/11) 140 Put
Current Stock Price: $127.58
Cash in Hand: $2.67
Action:
- Buy to close the TSM Feb Week Two (2/11) 140 Put for around $12.40
- Sell to open the TSM Feb Monthly (2/18) 140 Put for around $12.40
- Set initial credit limit at $0, but adjust as needed to roll today
New Cash in Hand: $2.67