We rolled our Airbnb (ABNB) put to buy time for shares to recover, and our strategy has worked well. Let’s close the position now with a small loss rather than risk a downside reversal before expiration.
Current Stock Price: $123.47
Cash in Hand: $2.73
Action: Buy to close the ABNB Mar Week Four (3/24) 125 Put for around $2.88, but adjust as needed to close today
Loss: $0.15, or $15 per contract