I’ve decided to close my rolled/adjusted position in $NOW instead of doing another roll. My adjustments brought me to a pairing of Apr 15 55 calls and Apr 22 55 puts. When I did the roll the estimated earnings date was 4/27. Since then, it has gotten confirmed as 4/20. My plan to let the premium bleed into expiration won’t happen that way so instead of trying to get cute and do another roll I’ve decided to just take the loss that’s left (around 2.00/contract) and move on. The risk isn’t worth it (I’ll consider a separate earnings trade next week if the premiums are enticing enough).

The original trade was an earnings trade from January when I booked an 8.28 loss. So I’m happy to recover more than 75% of it.

#earnings