Moderna (MRNA) has shot up nearly 8% today following news the FDA is asking states to temporarily suspend the use of Johnson & Johnson’s (JNJ) COVID-19 vaccine after six people developed a rare blood-clotting disorder.
Let’s book profits on our put position now.
Current Stock Price: $150.48
Cash in Hand: $3.49
Action: Buy to close the MRNA Apr Monthly (4/16) 130 Put for around $0.26
Profit: $3.23, or $323 per contract