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I originally bought DDD at 39.000... happy where it's at now. Understand volatility, but as a newbie bought a Mar 16 /13 $65 Put (happy to own at a reasonable price, when subtracting premium) and picked up $409.

As of today (Monday) the stock has taken a nearly $7 dip (at this time $3.50 below the strike price).

Two questions:
1. Am I obligated to Sell to Close early, because it has gone below the strike price of $65, or can I wait it out to see what happens at expiration (in March)?

2. Would it behoove me to Sell to Close, early, in order to take advantage of a price better than what I had anticipated (minus the premium). I would be happy with either and am covered financially to handle it.


Craig O.
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