I want to continue to aggressively manage our Moderna (MRNA) position in an attempt to get back to breakeven or profitability. I am recommending we roll our put to a higher strike to generate more income while 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 Stock Price: $173.83
Net Debit: $4.30
- But to close the MRNA Jul Monthly (7/15) 140 Put for around $0.07
- Sell to open the MRNA Jul Monthly (7/15) 157.50 Put for around $0.76
- Set initial credit limit at $0.69, but adjust as needed to roll today
New Net Debit: $3.61