I am recommending we roll our Mosaic Company (MOS) and The Trade Desk (TTD) puts out two weeks to generate more income and buy ourselves some time for shares to recover.
TTD got whacked yesterday thanks to a weak forecast from Snap (SNAP), but shares are rebounding today.
MOS May Week Four (5/27) 60 Put
Current Stock Price: $59.03
Net Debit: $7.36
Action:
- Buy to close the MOS May Week Four (5/27) 60 Put for around $1.91
- Sell to open the MOS Jun Week Two (6/10) 59 Put for around $3.17
- Set initial credit limit at $1.26, but adjust as needed to roll today
New Net Debit: $6.10
TTD May Week Four (5/27) 45 Put
Current Stock Price: $45.24
Net Debit: $3.74
Action:
- Buy to close the TTD May Week Four (5/27) 45 Put for around $1.55
- Sell to open the TTD Jun Week Two (6/10) 44 Put for around $3
- Set initial credit limit at $1.45, but adjust as needed to roll today
New Net Debit: $2.29