It looks like there is some confusion on the UBER 1×2 put spread. I ended up with the December trade. However, in the newsletter we detailed trading this spread in January. The January position is superior. So, if you ended up with that position, the trade has even more profit. From here, there are really two choices. Either A- Exit the entire trade. Or B- Continue to hold onto the entire trade (both legs) and hopefully get a push toward 72.50 into next month at which time you would take profits. We won’t be managing it as we had the December trade. The exit would like as follows:
Sell to close: UBER Jan 16th (monthly) 80.00 strike put (ratio of 1)
Buy to close: UBER Jan 16th (monthly) 72.50 strike put (ratio of 2)
Credit: 1.66
Profit of $1.01 or +$101.00 per spread (even more profit than the December trade)