I am recommending we roll our Mosaic (MOS) put out two weeks to avoid assignment and generate more income.
Current Stock Price: $49.12
Net Debit: $4.84
Action:
- Buy to close the MOS Nov Monthly (11/18) 50 Put for around $1.27
- Sell to open the MOS Dec Week One (12/2) 48 Put for around $1.62
- Set initial credit limit at $0.35, but adjust as needed to roll today
New Net Debit: $4.49