Well my idea for a 1 week roll pre-earnings on this didn’t work. Stock was 94.45 when I did that last Friday. I’m short the 100 puts. Thought that if there was a bit of a rally in the stock I could get out near my basis of 97.75. Didn’t happen. So I’m rolling to May, past next week’s earnings announcement.
Rolled $OLED Apr 27 100 puts out to May 100 puts for 2.46 credit. Basis reduction so far is 4.71 so I’m looking for around 95 or so by expiration. Of course if earnings disappoint this has the potential to be another long term roll project.