PINS

#BullPutSpreads #CoveredCalls – A little early here too but just wanted to have it done and set.

Original trade was super bullish ITM BuPS playing directionally selling 80/75 @ 3.20 (direction obviously ain’t my thing 🙂 ) Earnings next week so nice premium to roll into.

Sold PINS JAN 29 2021 75.0 Puts @ 6.80 (leaving short for assignment)
Sold PINS FEB 5 2021 65.0 Calls @ 8.20 (will be covered after assignment)

New position is now stock @ a 61.80 basis covered @ 65. This will be my original 3.20 profit goal if called away next week.