The market is moving higher, but WDC doesn’t seem to want to move with it. The option expires tomorrow, so it’s time to roll out our position. Then we can determine if it’s best to reset the trade or take any remaining loss from the original position and move on with trading.
Western Digital Corp (WDC): 37.79
TRADE ACTION: Roll the put spread out a week for a credit of around 0.05 – 0.10
BTC WDC 30-JUN 40.50 put
STO WDC 7-JUL 40.50 put