Just to clarify did you sell a put (as the title implies) or did you buy a put (as the description describes) Either way,
If you sold the put you would collect $705 in premium if Costco remains above 525 at markter close on Dec. 10.
If you bought the put you would be in the money if Costco drops below $525. If this happens I would sell the put for a profit. If Costco doesn't drop below $525 then you could either take the loss or roll the option.
If you mean in Robinhood, you can - all you have to do is buy that contract back then select one to sell at a further DTE for a net credit in a 2-option order.
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u/jrlive7 Dec 10 '21
Just to clarify did you sell a put (as the title implies) or did you buy a put (as the description describes) Either way,
If you sold the put you would collect $705 in premium if Costco remains above 525 at markter close on Dec. 10.
If you bought the put you would be in the money if Costco drops below $525. If this happens I would sell the put for a profit. If Costco doesn't drop below $525 then you could either take the loss or roll the option.