I am recommending we roll our Pfizer (PFE) put out one week to generate more income and reduce our net debit on the position.
Current Stock Price: $53.60
Net Debit: $2.20
- Buy to close the PFE Jun Week Two (6/10) 52 Put for around $0.09
- Sell to open the PFE Jun Monthly (6/17) 53 Put for around $0.67
- Set initial credit limit at $0.58, but adjust as needed to roll today
New Net Debit: $1.62