I am recommending we roll our Pfizer (PFE) and Taiwan Semiconductor Manufacturing (TSM) puts.
With PFE, we are avoiding assignment and buying time for shares to move higher while also generating additional income
Out TSM put is on track to expire worthless. However, I anticipate more money rotating into chip stocks, and we can pick up a large amount of cash for rolling out one week and to a higher strike price.
PFE Jan Week Two (1/14) 55.50 Put
Current Stock Price: $54.70
Cash in Hand: $0.33
Action:
- Buy to close the PFE Jan Week Two (1/14) 55.50 Put for around $0.85
- Sell to open the PFE Jan Monthly (1/21) 55.50 Put for around $1.43
- Set initial credit limit at $0.58, but adjust as needed to roll today
New Cash in Hand: $0.91
TSM Jan Week Two (1/14) 138 Put
Current Stock Price: $143.30
Cash in Hand: $0.43
Action:
- Buy to close the TSM Jan Week Two (1/14) 138 Put for around $0.05
- Sell to open the TSM Jan Monthly (1/21) 140 Put for around $1.59
- Set your initial credit limit at $1.54, but adjust as needed to roll today
New Cash in Hand: $1,97