We also have an opportunity to exit our United Airlines (UAL) put. The position did not work out as well as originally hoped. But, by rolling, we were able to avoid a loss and walk away with a small profit.
Current Stock Price: $39.36
Cash in Hand: $0.32
Action: Buy to close the UAL Sep Monthly (9/16) 34.50 Put for around $0.14, but adjust as needed to close today
Profit: $0.18, or $18 per contract