I am recommending we roll our First Solar (FSLR), Mosaic (MOS) and SPDR S&P Biotech ETF (XBI) puts out one to two weeks to generate more income.
FSLR Oct Week Two (10/14) 125 Put
Current Stock Price: $127.19
Cash in Hand: $0.06
Action:
- Buy to close the FSLR Oct Week Two (10/14) 125 Put for around $1.96
- Sell to open the FSLR Oct Monthly (10/21) 120 Put for around $2.56
- Set initial credit limit at $0.60, but adjust as needed to roll today
New Cash in Hand: $0.66
MOS Oct Week Two (10/14) 52 Put
Current Stock Price: $50.31
Net Debit: $5.61
Action:
- Buy to close the MOS Oct Week Two (10/14) 52 Put for around $2.25
- Sell to open the MOS Oct Week Four (10/28) 52 Put for around $3.40
- Set initial credit limit at $1.15, but adjust as needed to roll today
New Net Debit: $4.46
XBI Oct Week Two (10/14) 75 Put
Current Stock Price: $78.50
Net Debit: $7.87
Action:
- Buy to close the XBI Oct Week Two (10/14) 75 Put for around $0.56
- Sell to open the XBI Oct Week Four (10/28) 75 Put for around $2.07
- Set initial credit limit at $1.51, but adjust as needed to roll today
New Net Debit: $6.36