Let’s book profits on Corning (GLW).
And I am recommending we roll our YETI Holdings (YETI) put simply to generate more cash.
GLW Aug Monthly (8/20) 40.50 Put
Current Stock Price: $40.75
Cash in Hand: $0.45
Action: Buy to close the GLW Aug Monthly (8/20) 40.50 Put for around $0.20
Profit: $0.25, or $25 per contract
YETI Aug Monthly (8/20) 95 Put
Current Stock Price: $96.10
Cash in Hand: $0.80
Action:
- Buy to close the YETI Aug Monthly (8/20) 95 Put for around $0.70
- Sell to open the YETI Aug Week Four (8/27) 95 Put for around $1.85
- Set initial credit limit at $1.15
New Cash in Hand: $1.95