The Trade Desk (TTD) sold off sharply this week. Today’s bounce has taken the stock back up near $145, but our put remains slightly in the money.
I am recommending we roll out one week and to a lower strike price to avoid potential assignment, reduce our risk on the trade and generate a nice chuck of cash. I will be looking to close out the trade early next week if possible.
Current Stock Price: $44.66
Cash in Hand: $0.37
- Buy to close the TTD Jan Monthly (1/20) 45 Put for around $0.51
- Sell to open the TTD Jan Week Four (1/27) 44 Put for around $0.98
- Set initial credit limit at $0.47, but adjust as needed to roll today
New Cash in Hand: $0.84