I am recommending we roll our Moderna (MRNA) put out one week and to a lower strike to generate more cash and reduce our net debit on the position.
If you are an Income Masters member, note that we continue to track the ongoing net debit we have in MRNA in that program as well.
Current Stock Price: $148.78
Net Debit: $8.68
- Buy to close the MRNA Apr Week Four (4/22) 150 Put for around $3.60
- Sell to open the MRNA Apr Week Five (4/29) 145 Put for around $4.50
- Set initial credit limit at $0.90, but adjust as needed to roll today
New Net Debit: $7.78