Our Moderna (MRNA) put is well out of the money. Let’s roll it out one week and to a higher strike to generate more cash and reduce our net debit on the position.
You can enter the second leg of 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: $144.63
Net Debit: $3.71
Action:
- Buy to close the MRNA Jun Week One (6/3) 120 Put for around $0.10
- Sell to open the MRNA Jun Week Two (6/10) 130 Put for around $1.80
- Set initial credit limit at $1.70, but adjust as needed to roll today
New Net Debit: $2.01