I am recommending a put to sell on ZIM Integrated Shipping Services (ZIM) to reduce our cost basis on the position.
However, you can enter today’s trade even if you were not in the previous one. Just be aware that we will be managing and tracking it based on the ongoing position.
Current Stock Price: $51.55
Net Debit: $0.40
Action: Sell to open the ZIM Jul Week One (7/1) 45 Put for around $0.50, but adjust as needed to sell a put
New Cash in Hand: $0.10