I own some $16 puts which have gone ITM and I would like to roll them down but the exchange(s) haven’t added 1/2 point strikes yet. Yes, I know that I can request that they add them and more often than not, they have complied. More than likely, they will add them tomorrow, on their own. But if not, with the stock at $14.50, can a combination of $15 and $14 puts be used to reasonably replicate the $14.50 puts which don’t exist?
Here’s where I go off the reservation (g). Buying one $15…