I'm new to bear put spread. I established a position on TOL when it was around 34 with the following:
Long May 35 put
Short May 30 put
Right now the stock is around 31 and continuing its descend. The spread is currently profitable. Should I keep holding it till expiration and let it work itself out if I'm still bearish on sentiment?
Thanks!
Long May 35 put
Short May 30 put
Right now the stock is around 31 and continuing its descend. The spread is currently profitable. Should I keep holding it till expiration and let it work itself out if I'm still bearish on sentiment?
Thanks!