Moderna (MRNA) has sold off over the past few days, but our put remains well out of the money. I am recommending we roll out two weeks and to a lower strike. This will allow us to generate more income while also reducing our risk.
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.
Also, note that we continue to track the ongoing net debit we have in MRNA in the Income Masters program as well.
Current Stock Price: $139.72
Net Debit: $1.11
- Buy to close the MRNA Jul Week One (7/1) 125 Put for around $0.24
- Sell to open the MRNA Jul Monthly (7/15) 120 Put for around $1.94
- Set initial credit limit at $1.70, but adjust as needed to roll today
New Cash in Hand: $0.59