I am recommending a Roku (ROKU) spread. We are carrying over a net debit from our previous position, but you can enter today’s trade even if you were not in the previous one. Just be aware that we will be tracking it as an ongoing position.
Current Stock Price: $118.68
Net Debit: $4.14
- Sell to open the ROKU May Week Four (5/22) 115 Put for around $4.10
- Buy to open the ROKU May Week Four (5/22) 110 Put for around $2.50
- Set initial credit limit at $1.60
New Net Debit: $2.54