I am recommending we roll our Advanced Micro Devices (AMD) put out one week and to a higher strike to generate more cash.
Current Stock Price: $113.94
Cash in Hand: $0.99
- Buy to close the AMD Aug Week One (8/6) 109 Put for around $0.54
- Sell to open the AMD Aug Week Two (8/13) 110 Put for around $2.31
- Set initial credit limit at $1.77
New Cash in Hand: $2.76