$100K Account: Roll MSTX put to Apr 25 $31

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The Trade at a Glance

  • Account Size: $100K
  • Underlying Stock: MSTX
  • Strategy: Roll 1 Cash‑Secured Put
  • Old Position: Apr 11 $31.50 Put
  • New Position: Apr 25 $31.00 Put
  • Additional Premium Collected: $70

Key Metrics

  • Total Premium to Date: $196 + $70
  • New Break‑Even Price: Strike $31 minus total collected premium
  • Obligation: Buy 100 shares of MSTX at $31 if assigned

Why We Rolled

  1. Add Income – The extra $70 credit sweetens overall return while keeping risk defined.
  2. More Time to Work – Pushing the expiry out two weeks gives MSTX room to cooperate without forcing assignment.
  3. Slightly Lower Strike – Dropping from $31.50 to $31 trims downside exposure and improves our entry price if assigned.

Risk Management

  • Continue monitoring MSTX price action and volatility.
  • Be ready to roll again or close if premium decays or market conditions change.
  • Comfortable owning MSTX? If yes, assignment at an effective price below $31 is acceptable.

Final Thoughts

Rolling puts is a core tactic in our premium‑selling playbook—harvest theta, lower basis, stay flexible. This MSTX adjustment keeps capital productive while managing risk.

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