My original trade in COF is slowly turning against me. Today, COF dropped down by 2.36% and there is a higher chance that the selling may continue.
Although, the trade has 70% POP and 2 days to expiration I decided to move the trade out and down.
I am trying to spread my trades to have expiration every week and as of today, I have expiration on every Friday in November. My next “free” expiration is in December 8th so that is the expiration week I will try to roll this trade.
Here is the original trade link:
https://www.facebook.com/groups/putdividends/permalink/1999065260361711/
With this roll, I am lowering my current 89.50 put strike down to 87.50 put (which sits at the support) and move the trade into December 8th.
good stuff keep me in the loop