I am recommending we roll our Invesco Solar ETF (TAN) and SPDR S&P Biotech ETF (XBI) puts to buy ourselves more time and bring in additional income.
TAN Apr Week Two (4/9) 90 Put
Current Stock Price: $85.89
Cash in Hand: $1.55
Action:
- Buy to close the TAN Apr Week Two (4/9) 90 Put for around $4.15
- Sell to open the TAN Apr Monthly (4/16) 90 Put for around $4.90
- Set initial credit limit at $0.75
New Cash in Hand: $2.30
XBI Apr Week Two (4/9) 135 Put
Current Stock Price: $131.28
Cash in Hand: $0.95
Action:
- Buy to close the XBI Apr Week Two (4/9) 135 Put for around $3.90
- Sell to open the XBI Apr Monthly (4/16) 135 Put for around $4.90
- Set initial credit limit at $1
New Cash in Hand: $1.95