I am recommending we roll our Starbucks (SBUX) put to generate more income.
Current Stock Price: $87.04
Net Debit: $13.86
- Buy to close the SBUX Oct Week One (10/2) 83 Put for around $0.06
- Sell to open the SBUX Oct Week Two (10/9) 85 Put for around $0.66
- Set initial credit limit at $0.60
New Net Debit: $13.26