fuzzballl 12:40 pm on Friday, October 8, 2021
Tags: ShortPuts ( 4,763 )

LABU

#ShortPuts – A few more.

Sold LABU OCT 22 2021 45.0 Puts @ 1.00
Sold LABU OCT 22 2021 47.5 Puts @ 1.57

matt0311 3:38 pm on Friday, October 8, 2021

the many times you trade this one, you must be very comfortable trading this. How do you select your strikes? As you seem to ladder them often how to you select the lowest or highest strike? Charts, Delta? Thanks!
- fuzzballl 7:07 pm on Friday, October 8, 2021
  
  I didn’t trade it at all for quite a few months during it’s ridiculous covid vaccine run up…it was just a matter of time before it would implode and become tradeable again. Beyond that I look at it like I do anything else…expected moves and recent lows and support levels. Right now it’s trading down at the lower end of it’s range and is in an area it rarely drops below (covid implosion was about the last time it was lower than this).
  
  Because of that and the fact it has been very good to me this year I’m really selling it aggressively for now. I also use a position size that will allow me to take the stock if needed to start the covered call selling on it.

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