I trade a relatively small account and have never really traded cash-secured Puts before, so I decided to dip my toe into that as well as prepare to be assigned, since I’ve never gone down that road before. Here’s summary of trades since $SFIX earnings went down:
10/1 BTO Oct 11 $23.00 Call $1.40 Debit (Expiring worthless today)
10/2 STO Oct 4 $17.00 Put: $0.26 Credit
10/3 BTC Oct 4 $17.00 Put: $0.10 Debit
10/3 STO Oct 11 $17.50 Put: $0.55 Credit
10/4 BTC Oct 11 $17.50 Put: $0.25 Debit
10/4 STO Oct 11 $20.00 Put: $0.70 Credit
10/7 BTC Oct 11 $20.00 Put: $0.50 Debit
10/8 STO Oct 11 $19.50 Put: $0.42 Credit
10/9 BTC Oct 11 $19.50 Put: $0.15 Debit
10/10 Nov 15 Synthetic Long (ish): STO $20 Put/BTO $21 Call: $0.25 Net Debit (Stock right around $21.00 at time of trade)
Bullish on SFIX, price target for the next week or two will be $23.00. I’ll hold for at least a a week or until that hits and scoop a couple hundred out of it. Volume profile has a gap with some slight resistance at $23.00, but it’s pretty open until about $27.00.
Have a good weekend!