I am recommending we sell a call against our Moderna (MRNA) shares to generate income. With the company scheduled to report earnings tomorrow, I want to use the cash we generate to help cover the cost of a protective put.
Current Stock Price: $158.46
Cost Basis: $194.15
- Sell to open the MRNA Mar Week One (3/3) 175 Call for around $1.83
- Buy to open the MRNA Feb Week Four (2/24) 150 Put for around $2.44
New Cost Basis: $194.76