I am recommending we roll our First Solar (FSLR) and Mosaic (MOS) puts out two weeks to buy ourselves some time for the underlying stocks to move higher and to generate more income.
Note that with today’s roll, we are flipping our net debit in FSLR to cash in hand. We will look to exit the position at breakeven if possible and take a breath before potentially trading the stock again.
FSLR Sep Week Five (9/30) 125 Put
Current Stock Price: $134.87
Net Debit: $2.22
Action:
- Buy to close the FSLR Sep Week Five (9/30) 125 Put for around $0.19
- Sell to open the FSLR Oct Week Two (10/14) 125 Put for around $2.47
- Set initial credit limit at $2.28, but adjust as needed to roll today
New Cash in Hand: $0.06
MOS Sep Week Five (9/30) 52 Put
Current Stock Price: $49.08
Net Debit: $6.61
Action:
- Buy to close the MOS Sep Week Five (9/30) 52 Put for around $3.10
- Sell to open the MOS Oct Week Two (10/14) 52 Put for around $4.10
- Set initial credit limit at $1, but adjust as needed to roll today
New Net Debit: $5.61