I am recommending we roll our Advanced Micro Devices (AMD) put out two weeks to collect a huge amount of premium.
And let’s book profits on CVS Health (CVS).
AMD Dec Week Four (12/23) 145 Put
Current Stock Price: $141.64
Cash in Hand: $6.59
Action:
- Buy to close the AMD Dec Week Four (12/23) 145 Put for around $4.10
- Sell to open the AMD Jan Week One (1/7) 145 Put for around $7.95
- Set initial limit order at $3.85, but adjust as needed to roll today
New Cash in Hand: $10.44
CVS Dec Week Four (12/23) 101 Put
Current Stock Price: $101.93
Cash in Hand: $0.88
Action: Buy to close the CVS Dec Week Four (12/23) 101 Put for around $0.60, but adjust as needed to close today
Profit: $0.28, or $28 per contract