I am recommending we roll our Beyond Meat (BYND) and Chewy (CHWY) puts.
BYND Jul Week Four (7/24) 125 Put
Current Stock Price: $122.67
Cash in Hand: $0.98
Action:
- Buy to close the BYND Jul Week Four (7/24) 125 Put for around $2.21
- Sell to open the BYND Jul Week Five (7/31) 120 Put for around $3.10
- Set your initial credit limit at $0.89, but adjust as needed to roll today
New Cash in Hand: $1.87
CHWY Jul Week Four (7/24) 47 Put
Current Stock Price: $45.99
Cash in Hand: $0.57
Action:
- Buy to close the CHWY Jul Week Four (7/24) 47 Put for around $1.01
- Sell to open the CHWY Jul Week Five (7/31) 47 Put for around $1.99
- Set your initial credit limit at $0.98, but adjust as needed to roll today
New Cash in Hand: $1.55