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apologize ahead of time, i'm a noob at this.
AXP is my first options trade after joining options last month and i wrote a single Dec 18 put at $72.50. i did not write any calls.

being so new, i'm still not 100% clear on some of the terminology and meanings, but the latest alert from MFO suggested to roll the AXP puts until April. but if i do this, the cost is about $280-something. won't this negate any premium i collect if i roll? am i missing something?

i don't mind owning the AXP shares, though i'd prefer not to if i can just collect the premium. any thoughts or suggestions?
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