This setup worked last time I posted, so figured I'd try again now that it has returned to upper trendline. Bought one Jan20 85p; sold one Jan6 74p for 6.85.
Note
Price is over the stop I set, but I am going to keep. Stock can be pretty volatile, and I feel like I just set it too low.Note
Covered the Jan6 74 put at .40 from 1.37. +.97. Hopefully this move higher is about done with.Note
Sold a Dec23 78 put at .49, to reduce risk a little. I know I said this last time, but hopefully the push higher is finally exhausted.Note
Still hoping to work this a little more in my favor. I covered the Dec23 put from .49 at .20 +.29, and sold the Dec30 77.5 put at .40Note
Covered the Dec30 put for +.05. I just have the Jan20 85p now, which is down about 2.3. Even though this trade hasn't gone the way I initially expected, I'm only down about 1 now. Hopefully market cooperates and this thing starts dropping.Note
Still have this trade open. Sold a Jan13 76-strike put for .61. I may exit this trade if it falls to 78.Disclaimer
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.