Teladoc Health (TDOC) is running up today. I am recommending we close our put now rather than risk holding this volatile stock through this week’s Federal Reserve meeting.
We will carry over a net debit and I will recommend another put to sell soon.
Current Stock Price: $29.18
Cash in Hand: $0.42
Action: Buy to close the TDOC Jun Monthly (6/17) 30 Put
Current Option Price: $1.70-$1.81
Recommended Limit: Set your initial limit order at $1.76, but adjust as needed to close today
Net Debit: $1.34
Rate of Return: I am targeting breakeven for this position