#BullPutSpreads – Stock is weak today so putting on my earnings trade now. Taking a shot at a rally but really covering my butt in case of an implosion. Same as all the other ITM spreads I sell. If it implodes I’ll close the long side right at the close Friday and let the shorts get assigned. Should have a basis around a dollar above where the stock ends no matter how far it drops.
Long story short…if it’s below my spread at expiration then the lower the better.
Sold SPCE AUG 7 2020 25.0/22.0 Bull Put Spreads @ 2.00