Moderna (MRNA) is up around 6% this morning. I am recommending we roll our put to a higher strike to generate more income. We are keeping the expiration date the same.
You can enter the second leg of 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 Stocks Price: $169.02
Net Debit: $4.59
- Buy to close the MRNA Jul Monthly (7/15) 130 Put for around $0.18
- Sell to open the MRNA Jul Monthly (7/15) 140 Put for around $0.47
- Set initial credit limit at $0.29, but adjust as needed to roll today
New Net Debit: $4.30