When I see the S & P down a massive 92 points and our short position is barely dropping, it makes me want to close the position and move.
As such, I am going to suggest you close the put spread on CDAY.
Here is how to close the trade:
Sell to Close March 20th - $75.00 put @ $3.50
Buy to Close March 20th - $70.00 put @ $1.60
Net credit is $1.90 per spread.
The debit when the trade was initiated was $1.75.
If you traded the suggested 6 lot, the gain will be about $90 for 4 days.
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