Teladoc Health (TDOC) is moving against us. I am recommending we exit now with a loss rather than rolling our put on this volatile stock out another week.
Current Stock Price: $32.99
Cash in Hand: $0.06
Action: Buy to close the TDOC Jul Week One (7/1) 32 Put
Current Option Price: $0.29-$0.34
Recommended Limit: Set your initial limit order at $0.32, but adjust as needed to close today
Loss: $0.26, or $26 per contract
Rate of Return: -0.8% in 24 days, or -12% on an annualized basis