We have a net debit on Yeti (YETI). I am recommending a new put to sell to reduce that net debit.
You can enter today’s trade even if you were not in the previous one. Just be aware that we will be tracking and managing it based on the ongoing position.
Current Stock Price: $101.86
Net Debit: $1.60
Action: Sell to open the YETI Dec Week One (12/3) 95 Put for around $0.90. You can go as low as $0.75, but please don’t start there and always use limit orders.
New Net Debit: $0.70