After closing our Income Madness position on Moderna (MRNA), I am recommending a new put to sell to reduce our net debit. You can execute the two trades simultaneously as a roll if you wish.
You can also enter today’s trade even if you were not in the previous one. Just be aware that we will be managing and tracking it as an ongoing position.
Current Stock Price: $157.41
Net Debit: $5.14
Action: Sell to open the MRNA Jul Monthly (7/15) 130 Put for around $0.55, but adjust as needed to sell a put today
New Net Debit: $4.59