I am recommending we close our Advanced Micro Devices (AMD) put with a very tidy profit.
And let’s roll our Crocs (CROX) put up to a higher strike price to generate more income and reduce our net debit on the position.
AMD Nov Week One (11/5) 117 Put
Current Stock Price: $126.13
Cash in Hand: $0.70
Action: Buy to close the AMD Nov Week One (11/5) 117 Put for around $0.12, but adjust as needed to close today
Profit: $0.58, or $58 per contract
CROX Nov Monthly (11/19) 145 Put
Current Stock Price: $170.53
Ney Debit: $2.70
- Buy to close the CROX Nov Monthly (11/19) 145 Put for around $0.65
- Sell to open the CROX Nov Monthly (11/19) 155 Put for around $1.65
- Set initial credit limit at $1, but adjust as needed to roll today
New Net Debit: $1.70