I am recommending we roll our Walt Disney (DIS) and Kroger Co. (KR) puts to buy ourselves some time and generate more income.
DIS Apr Week Four (4/22) 129 Put
Current Stock Price: $124.92
Cash in Hand: $1.05
Action:
- Buy to close the DIS Apr Week Four (4/22) 129 Put for around $4.15
- Sell to open the DIS Apr Week Five (4/29) 128 Put for around $4.20
- Set initial credit limit at $0.05, but adjust as needed to roll today
New Cash in Hand: $1.10
KR Apr Week Four (4/22) 60 Put
Current Stock Price: $57.86
Cash in Hand: $0.66
Action:
- Buy to close the KR Apr Week Four (4/22) 60 Put for around $2.11
- Sell to open the KR May Week One (5/6) 60 Put for around $2.57
- Set initial credit limit at $0.46, but adjust as needed to roll today
New Cash in Hand: $1.12