Rolling Down Put Strike on Archer (ACR) to Avoid Assignment

about 1 month ago

Henry

"One more trade that I am personally looking at is Archer. Archer has pulled back tremendously. I have an $11 put position and I'm up $15,000 on it, but I don't want to get assigned at 11. So, I'm going to roll this position down from 11 to 10 to reduce my risk and lock in a better credit."

The speaker describes his plan to manage risk on his Archer (ACR) position by rolling his $11 put option down to a $10 strike. This move is designed to avoid an assignment at the higher strike while continuing to benefit from premium collection, illustrating a tactical options adjustment in a profitable position.

Related Stocks