New Diagonal Spread
Bought 1 LABU Sep 24 2021 40.0 Put at $1.43
Sold 1 LABU Aug 20 2021 52.0 Put at $1.53
An initial credit of 0.10 and the chance to roll the short multiple times.
I also have excess long puts out to December that I can still write against if the stock collapses further, but the stock is at the low end of it’s trading range now with the 6-month low at 50 in mid May