Moderna (MRNA) initially sold off following an earnings miss but is bouncing back today. I want to take advantage of the still-elevated volatility levels to capture a large amount of premium that will go toward reducing our net debit on the position.
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: $153.81
Net Debit: $32.47
Action: Sell to open the MRNA Nov Week Two (11/11) 145 Put for around $2.35, but adjust as needed to sell a put today
New Net Debit: $30.12