The plunge of Target Stock has left my portfolio holding deep in the money naked puts due to expire on May 20 at the $76.50 put strike. As always, I am happy to accept the shares but also like always, I would prefer a still lower price. My goal is earn as much income as possible before being assigned shares. That means even with my original trade now deep in the money, I want to keep the original profit I earned and earn even more on a roll-out and a roll-down of my present position.

To do that requires implementing some rescue strategies and thinking outside the box as it were.

Here are some ideas on how to rescue deep in the money naked puts that are at risk of assignment. I will be posting more rescue ideas in another article but this should assist some investors and get them thinking of their own positions depending on how deep in the money they may be with their naked puts…….The rest of this Target Stock (TGT) strategy article on rescuing deep in the money short put options is for FullyInformed Members

Target Stock (TGT) Rescue Deep In The Money Naked Puts

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Disclaimer: There are risks involved in all investment strategies and investors can and do lose capital. Trade at your own risk. Stocks, options and investing are risky and can result in considerable losses. None of the strategies, stocks or information discussed and presented are financial or trading advice or recommendations. Everything presented and discussed are the author’s own trade ideas and opinions which the author may or may not enter into. The author assumes no liability for topics, ideas, errors, omissions, content and external links and trades done or not done. The author may or may not enter the trades mentioned. Some positions in mentioned stocks may already be held or are being adjusted.

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