We temporarily exited our Moderna (MRNA) position to avoid earnings. Now that the report is behind us, let’s capitalize on still-elevated volatility levels by selling a put to reduce our net debit on the position.
You can enter today’s trade even if you were not in the previous one. Just be aware that we will be managing and tracking it based on the ongoing 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: $139.90
Net Debit: $7.38
Action: Sell to open the MRNA May Week Two (5/13) 120 Put
Current Option Price: $1.00 – 1.13
Recommended Limit: Set your initial limit order at $1.06 but adjust as needed to sell a put today.
New Net Debit: $6.32