Posts  / #POST-247722
REDDIT

Advice, please?

M
Aug 29, 2026 · 22:35

I wrote a bear call credit spread on MSFT about 10 days ago. Oct. 2: 510/515, 149 credit. The underlying blew through my short position (513 at this writing). My thought is to write a Put spread to minimize loss while there is still extrinsic value to be had, thinking 490/485? The loss will not be a big deal; just looking for best practices?