Option | Position | Days Held |
MDLZ 17APR2015 34 P | -1 | 21 |
TXRH 17APR2015 35 P | -1 | 17 |
$MDLZ will expire worthless tomorrow unless we have a market crash on our hands. No action on my part. I get to keep $21.91 collected when I sold the PUT option.
$TXRH on the other hand is trading close to $35/share currently. I will have to keep an eye on this one to see if I want to roll this out to a later month or get assigned. If TXRH stays above $35/share, I will get to keep $21.75 collected when I sold the PUT option.
These are small plays with minimal buying power. Worse that can happen is I end up getting assigned with 100 shares of the stock. My next exit strategy would be selling covered calls on the stock.
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