Getting long homebuilders here at support.
-1 Sep21 $39 put for $.84 cr.
Risk: 2x cr received or I'll continue holding and rolling.
Profit: 50% cr received or continue to roll.
Notional Value: $3900/contract
-1 Sep21 $39 put for $.84 cr.
Risk: 2x cr received or I'll continue holding and rolling.
Profit: 50% cr received or continue to roll.
Notional Value: $3900/contract
Trade closed manually
The IV in here has dropped, but the options have hardly moved with it because there was a ton of time left.I'm closing this trade for a $.66 db because I don't see the risk for another 46 dte worth the holding. I may look to try a call spread on this.
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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.