Moderna (MRNA) missed on earnings and the stock is sharply lower today. Let’s close our long put to reduce our cost basis on the position.
Current Stock Price: $144.43
Cost Basis: $194.76
Action: Sell to close the MRNA Feb Week Four (2/24) 150 Put for around $5.65, but adjust as needed to close today
New Cost Basis: $189.11