I am recommending we roll our Lululemon Athletica (LULU) spread and Square (SQ) put position down.

LULU Sep Monthly (9/18) 320/310 Put Spread

Current Stock Price: $304.12

Net Debit: $1.85

Action:

• Buy to close the LULU Sep Monthly (9/18) 320 Put for around $16.35
• Sell to close the LULU Sep Monthly (9/18) 310 Put for around $7.35
• Set initial debit limit at $9
• Sell to open the LULU Oct Monthly (10/16) 280 Put for around $5.50
• Buy to open the LULU Oct Monthly (10/16) 270 Put for around $3.50
• Set initial credit limit at $2

New Net Debit: $8.85

SQ Sep Monthly (9/18) 150 Put

Current Stock Price: $143.53

Cash in Hand: $0

Action:

• Buy to close the SQ Sep Monthly (9/18) 150 Put for around $6.85
• Sell to open the SQ Oct Week One (10/2) 145 Put for around $7.95
• Set initial credit limit at $1.10

New Cash in Hand: $1.10