I am recommending we close our Microsoft (MSFT) spread rather than risk rolling through the weekend. I will recommend a new spread soon to reduce our net debit on the position.
Current Stock Price: $274.46
Net Debit: $2.33
- Buy to close the MSFT May Week One (5/6) 265 Put for around $0.16
- Sell to open the MSFT May Week One (5/6) 255 Put for around $0.04
- Set initial debit limit at $0.12, but adjust as needed to close today
New Net Debit: $2.45