I am recommending we roll our Expedia (EXPE) put out two weeks and to a lower strike to buy time for shares to recover.
Current Stock Price: $103.81
Cash in Hand: $0.96
- Buy to close the EXPE Feb Week Four (2/24) 110 Put for around $6.15
- Sell to open the EXPE Mar Week Two (3/10) 109 Put for around $6.25
- Set your initial credit limit at $0.15, but adjust as needed to roll today
New Cash in Hand: $1.11