Bought to close 1 CINF 06/19/2020 65.0 Put / Sold 1 CINF 08/21/2020 50.0 Put @ 0.24 Credit.
A little history:
04/30 – Sold 05/15/2020 65.0 Put @ 0.90 (big mistake)
05/14 – Rolled 05/15/2020 65.0 Put to 06/19/2020 65.0 Put @ 0.80 Credit (was 15 points ITM)
Today – Rolled the Jun 65 Put down to the August 50.0 Put @ 0.20 Credit ( I would take the stock here near the Covid low).
My Cash backed put requirement just dropped $1500.
Today is the first day that the August contracts traded on this stock.