Our Expedia (EXPE) bull put spread is on track to expire worthless. We will simply watch it do so. I will recommend a new spread soon to reduce our net debit on the position.
Generac Holdings (GNRC) is down 17% since we entered the position in late October, however shares seem to have found short-term support at $100. And we were able to roll or protective put down to offset some of the decline.
Both our short call and long put are on track to expire worthless. I want to see whether GNRC can run up a bit before selling another call to generate more income.
EXPE Nov Monthly (11/18) 80/75 Put Spread
Current Stock Price: $98.13
Net Debit: $1.88
Action: Watch spread expire worthless
GNRC Nov Monthly (11/18) 115 Call
GNRC Nov Monthly (11/18) 90 Put
Current Stock Price: $101.54
Cost Basis: $109.06
- Watch the GNRC Nov Monthly (11/18) 115 Call expire worthless
- Watch the GNRC Nov Monthly (11/18) 90 Put expire worthless