If I roll forward the only option that I have is a put contract with a higher price what is my options

If you choose to roll forward, you will need to consider the following:

1. New Strike Price: You can roll your put options to a higher strike price, such as $120, to limit your potential loss if the stock price remains above $120 by expiration.
2. New Premium: The current ask price for the $110 put option is $0.04, which is lower than the intrinsic value of $15.98 per contract. When you roll to a higher strike price, you will need to pay the difference in premiums, which is $0.10 in this case.
3. Total Premium Paid: For the new $120 put option, you will need to pay a total premium of $1.40, which includes the current premium of $0.04 and the difference in premiums of $0.10.
4. Maximum Loss: Your maximum loss is limited to the premium you paid for the new put option, which is $1.40.
5. Maximum Profit: If UPS stock price is below $120.00 at the new expiration date, you can make a profit.

When deciding on the expiration date for the new options, consider the following:

• Current Market Conditions: Assess the current market conditions and forecast for UPS stock. If you believe the stock price will not significantly increase, you may want to consider rolling to a higher strike price to limit your loss.
• Premium Consideration: When rolling, you will need to pay the difference in premiums between the new and old options. Make sure to factor this into your calculations and ensure it is manageable given your budget and risk tolerance.
• Risk Management: Be mindful of your risk tolerance and overall portfolio. Ensure that the potential losses from rolling are within your comfort zone and do not significantly impact your financial situation.

Given the current market conditions and your financial situation, rolling to a higher strike price with a new put option seems to be the best option to limit your potential loss. However, it's important to note that options trading involves risks, and past performance is not indicative of future results. Therefore, it's crucial to carefully assess the market conditions, your financial situation, and risk tolerance before making any decisions.