Roku (ROKU) is once again bucking the broader market sell-off. I am recommending we roll our put out one week and to a lower strike. This will reduce our risk and bring in more cash,
Note: No action is needed on the ROKU Mar Week One (3/6) 100/95 Put Spread at this time.
Current Stock Price: $113.20
Cash in Hand: $1.20
- Buy to close the ROKU Feb Week Four (2/28) 115 Put for around $2.70
- Sell to open the ROKU Mar Week One (3/6) 110 Put for around $5.25
- Set initial credit limit at $2.55
New Cash in Hand: $3.75