I am recommending we roll our Microsoft (MSFT) and Square (SQ) puts.

MSFT Sep Week Two (9/11) 220 Put

Note: No action is needed on the MSFT Sep Monthly (9/18) 200/195 Put Spread at this time.

Current Stock Price: $210.71

Cash in Hand: $4.70

Action:

• Buy to close the MSFT Sep Week Two (9/11) 220 Put for around $9.55
• Sell to open the MSFT Sep Monthly (9/18) 220 Put for around $10.90
• Set initial credit limit at $1.35

New Cash in Hand: $6.05

SQ Sep Week Two (9/11) 150 Put

Current Stock Price: $145.24

Net Debit: $2.45

Action:

• Buy to close the SQ Sep Week Two (9/11) 150 Put for around $5.45
• Sell to open the SQ Sep Monthly (9/18) 150 Put for around $7.90
• Set initial credit limit at $2.45

New Cash in Hand: $0