The protective put I recommended on Moderna (MRNA) is below the price we paid for it following the market’s pop and drop. I want to continue to keep our hedge in place.
Therefore, I am recommending you roll the purchased put out one week and to a lower strike for a small debit. Doing so could pay off handsomely if the market continues to sell off over the next few days.
We continue to track the ongoing net debit we have in MRNA in the Income Masters program as well.
Note: No action is needed on the MRNA Jun Monthly (6/17) 130 Put at this time.
Current Stock Price: $119.55
Net Debit: $3.10
Action:
- Sell to close the MRNA Jun Monthly (6/17) 115 Put for around $1.35
- Buy to open the MRNA Jun Week Four (6/24) 105 Put for around $1.46
- Set initial debit limit at $0.11, but adjust as needed to roll today
New Net Debit: $3.21