We have a Peloton Interactive (PTON) standalone put and spread position expiring today, along with a Taiwan Semiconductor Manufacturing (TSM) spread.
I am recommending we spend a bit of cash to close the PTON put to avoid potential assignment. The PTON spread, however, is on track to expire worthless.
For the TSM spread, I am recommending we close the top leg to avoid assignment and watch the lower leg expire worthless.
I plan to issue one more recommendation for each position to bring in additional income. After that, you can reach me at [email protected] if you would like help managing any of these positions.
PTON Apr Monthly (4/16) 115 Put
Current Stock Price: $116.79
Net Debit: $11.50
Action: Buy to close PTON Apr Monthly (4/16) 115 Put for around $0.14, but adjust as needed to close today
New Net Debit: $11.64
PTON Apr Monthly (4/16) 105/100 Put Spread
Net Debit: $6.69
Action: Watch spread expire worthless
TSM Apr Monthly (4/16) 118/108 Put Spread
Current Stock Price: $118.41
Net Debit: $3.35
- Buy to close TSM Apr Monthly (4/16) 118 Put for around $0.21, but adjust as needed to close today
- Watch the TSM Apr Monthly (4/16) 108 Put expire worthless
New Net Debit: $3.56