The Trade Desk (TTD) Jul Week One (7/1) 49 Put is deep in the money following a sharp sell-off this week. I am recommending we accept shares rather than continue to roll the put.
The stock is oversold, and we will have plenty of time to generate income, as well as capture potential appreciation, by selling calls before earnings come out in early August.
Current Stock Price: $40.90
Net Debit: $1.25
Action: Accept shares
Cost Basis: $50.25