I am recommending we roll our Mosaic (MOS) and SPDR S&P Biotech ETF (XBI) puts out one week to generate more income and reduce out net debits on the positions.
MOS Oct Week Four (10/28) 52 Put
Current Stock Price: $53.75
Net Debit: $4.46
Action:
- Buy to close the MOS Oct Week Four (10/28) 52 Put for around $0.35
- Sell to open the MOS Nov Week One (11/4) 52 Put for around $1.14
- Set initial credit limit at $0.79, but adjust as needed to roll today
New Net Debit: $3.67
XBI Oct Week Four (10/28) 75 Put
Current Stock Price: $82.34
Net Debit: $6.36
Action:
- Buy to close the XBI Oct Week Four (10/28) 75 Put for around $0.04
- Sell to open the XBI Nov Week One (11/4) 77.50 Put for around $0.79
- Set your initial credit limit at $0.75, but adjust as needed to roll today
New Net Debit: $5.61