The time value in the EEM put finally decayed enough to roll it. Let’s roll it up to the 39 strike to collect a little more time value and premium.
iShares Emerging Markets ETF (EEM): 38.66
TRADE ACTION 1: Roll the 16 Dec 38 put to the 6 Jan 39 put for a credit of around 0.74 – 0.77 credit
BTC the 16 Dec 38 put
STO the 6 Jan 39 put
The Master Portfolio is trading 5 contracts.
Work the order, EEM is a tight market.