I am recommending we roll our Applied Materials (AMAT), Mosaic (MOS), Moderna (MRNA) and SPDR S&P Biotech ETF (XBI) puts to generate more income and reduce our net debits on the positions.
AMAT Dec Week One (12/2) 100 Put
Current Stock Price: $103.85
Net Debit: $8.08
Action:
- Buy to close the AMAT Dec Week One (12/2) 100 Put for around $0.48
- Sell to open the AMAT Dec Week Two (12/9) 100 Put for around $1.27
- Set initial credit limit at $0.79, but adjust as needed to roll today
New Net Debit: $7.29
MOS Dec Week One (12/2) 48 Put
Current Stock Price: $49.77
Net Debit: $4.49
Action:
- Buy to close the MOS Dec Week One (12/2) 48 Put for around $0.32
- Sell to open the MOS Dec Monthly (12/16) 48 Put for around $40
- Set initial credit limit at $1.08, but adjust as needed to roll today
New Net Debit: $3.41
MRNA Dec Week One (12/2) 165 Put
Current Stock Price: $170.42
Net Debit: $26.37
Action:
- Buy to close the MRNA Dec Week One (12/2) 165 Put for around $1.69
- Sell to open the MRNA Dec Monthly (12/16) 150 Put for around $51
- Set initial credit limit at $0.82, but adjust as needed to roll today
New Net Debit: $25.55
XBI Dec Week One (12/2) 80 Put
Current Stock Price: $81.03
Net Debit: $3.17
Action:
- Buy to close the XBI Dec Week One (12/2) 80 Put for around $0.81
- Sell to open the XBI Dec Monthly (12/16) 80 Put for around $21
- Set initial credit limit at $1.40, but adjust as needed to roll today
New Net Debit: $1.77