Roku (ROKU) is trading just above the strike price of the short leg of our put spread, so I am recommending we roll it. We will generate cash for this roll, which will reduce our net debit slightly.
Current Stock Price: $100.75
Net Debit: $0.95
Action:
- Buy to close the ROKU Mar Week One (3/6) 100 Put for around $1.36
- Sell to close the ROKU Mar Week One (3/6) 95 Put for around $0.21
- Set initial debit limit at $1.15
- Sell to open the ROKU Mar Monthly (3/20) 90 Put for around $3.35
- Buy to open the ROKU Mar Monthly (3/20) 85 Put for around $2.15
- Set initial credit limit at $1.20
New Net Debit: $0.90