ZIM Integrated Shipping Services (ZIM) is trading higher today, and we have the opportunity to exit the position at a small loss. Let’s take it rather than risk having to roll our put on this extremely volatile stock out another week.
Current Stock Price: $47.45
Cash in Hand: $0.10
Action: Buy to close the ZIM Jul Week One (7/1) 45 Put for around $0.15, but adjust as needed to close today
Loss: $0.05, or $5 per contract