I am recommending we roll our Moderna (MRNA) call out two weeks and to a higher strike price to generate more income and capture more potential appreciation in the underlying shares.
Current Stock Price: $141.21
Cost Basis: $186.60
- Buy to close the MRNA Mar Week Two (3/10) 140 Call for around $2.55
- Sell to open the MRNA Mar Week Four (3/24) 145 Call for around $3.75
- Set initial credit limit at $1.20, but adjust as needed to roll today
New Cost Basis: $185.40