A terrific earnings report has lit a fire under Moderna (MRNA) shares. Let’s roll our put to a higher strike to generate more income, which will flip our net debit to cash in hand.
You can enter today’s trade even if you were not in the previous one. Just be aware that we will be managing and tracking it based on the ongoing position.
Current Stock Price: $196.09
Net Debit: $0.66
- Buy to close the MRNA Aug Monthly (8/19) 165 Put for around $1.30
- Sell to open the MRNA Aug Monthly (8/19) 172.50 Put for around $2.15
- Set initial credit limit at $0.85, but adjust as needed to roll today
New Cash in Hand: $0.19