I am recommending we roll our First Solar (FSLR), Mosaic Company (MOS) and The Trade Desk (TTD) puts to generate more income and reduce our net debit on the positions.
FLSR May Monthly (5/20) 70 Put
Current Stock Price: $66.08
Net Debit: $15.42
Action:
- Buy to close the FLSR May Monthly (5/20) 70 Put for around $4.05
- Sell to open the FSLR Jun Week One (6/3) 70 Put for around $5.20
- Set initial credit limit at $1.15, but adjust as needed to roll today
New Net Debit: $14.27
MOS May Monthly (5/20) 55 Put
Current Stock Price: $64.02
Net Debit: $8.40
Action:
- Buy to close the MOS May Monthly (5/20) 55 Put for around $0.10
- Sell to open the MOS May Week Four (5/27) 60 Put for around $1.14
- Set initial credit limit at $1.04, but adjust as needed to roll today
New Net Debit: $7.36
TTD May Monthly (5/20) 40 Put
Current Stock Price: $54.14
Net Debit: $4.27
Action:
- Buy to close the TTD May Monthly (5/20) 40 Put for around $0.03
- Sell to open the TTD May Week Four (5/27) 45 Put for around $0.56
- Set initial credit limit at $0.53, but adjust as needed to roll today
New Net Debit: $3.74