ROLLING : SOLD -1 VERT ROLL TTD 100 18 JUN 21/21 MAY 21 700/650/700/650 PUT @-2.00 ISE
Rolling out the TTD $650/$700 put spread from May expiration to June.
This is not a usual roll, because we have to pay money to roll it out. So here paying $2 to get extra days. This roll is sponsored by the adjustment that we had done earlier by adding a call spread.
Since this is a put spread and we haven’t changed the strikes, there is no additional risk.
So, we still retain the original premium and just getting extra 37 days.
I like that chance and hence doing this trade.