The Trade Desk (TTD) has sold off since we entered the trade. I am recommending we roll out one week and to a lower strike. This will buy us some time for the stock to recover and reduce our risk. My hope is to roll it again soon to generate income.
Current Stock Price: $57.46
Cash in Hand: $0.68
- Buy to close the TTD Apr Week Five (4/29) 60 Put for around $3
- Sell to open the TTD May Week One (5/6) 55 Put for around $2.30
- Set initial debit limit at $0.70, but adjust as needed to roll today
New Net Debit: $0.02