I am recommending a put to sell on Walgreens Boots Alliance (WBA) after our shares were called away last week, causing us to incur a net debit on the position.
I held off on putting on a new trade until after we saw how the market responded to the Federal Reserve announcement and GDP numbers.
You can enter today’s trade even if you were not in the previous one. Just be aware that we will be managing and tracking it based on the ongoing position.
Current Stock Price: $39.50
Net Debit: $7.36
Action: Sell to open the WBA Aug Week One (8/5) 39 Put for around $0.40, but adjust as needed to sell a put today
New Net Debit: $6.96