#spy
#bullputspreads
SOLD SPY 11 SEP 2025 646/641 PUT @.26
Tag Archives: BullPutSpreads
OKLO AMZN
#everylittlebithelps
#bullputspreads
SOLD VERTICAL OKLO 14 FEB 2025 15/14 PUT @.05
SOLD VERTICAL AMZN 7 FEB 2025 205/202.5 PUT @.07
SPX
#bullputspreads
SOLD VERTICAL SPX 4 FEB 2025 5835/5830 PUT @.25
SOLD VERTICAL SPX 4 FEB 2025 5825/5820 PUT @.25
late yesterday
GME
#BullPutSpreads – Originally sold these to finance the June long puts. Having to manage them now. Uugh. Widening a strike and rolling down. Still long the June monthly 10 strike puts.
Rolled GME May 17 2024 25.0/23.0 Bull Put Spreads to May 24 2024 21.0/18.0 Bull Put Spreads @ .15 debit (.09 total now)
GME
#BullPutSpreads – Thanks @OptionIceman. Paying for my lottery tickets.
Sold GME May 17 2024 25.0/23.0 Bull Put Spreads @ .24
AMZN earnings
#BullPutSpreads – This should be the KOD for AMZN since I’m taking a directional shot. LOL Close it on a bounce or take stock on an implosion
Sold AMZN May 03 2024 200.0/180.0 Bull Put Spread @ 13.85
PFE
#BullPutSpreads – Taking the quickie on the bounce up to the 50 day.
Bought to Close PFE Aug 16 2024 30.0/25.0 Bull Put Spreads @ 2.45 (sold for 3.20)
PFE
#BullPutSpreads – Added to yesterday.
Sold PFE Aug 16 2024 30.0/25.0 Bull Put Spreads @ 3.10 (3.30 yesterday)
FXI
#BullPutSpreads – Been in a lot of more active FXI positions recently. Out of all of them at even. Throwing this out there to just sit and watch. Half size so might add on a dip back closer to the 50 day. Very directional bull put spreads.
Sold FXI Aug 16 2024 30/25 Bull Put Spreads @ 3.90
BA
#BullPutSpreads – Short puts looking good so taking a more directional shot for earnings week. Might close it prior if it keeps running.
Sold BA Feb 02 2024 240.0/230.0 Bull Put Spread @ 6.00
SPX hedge (SPY hedge hedge)
#BearishDoubleVertical #BullPutSpreads – Taking gains on the long put side. Adding a SPY hedge against the call side of the SPX hedge. Very bullish SPY up to my short call SPX strikes but with very limited downside. Overall still hoping it tanks to 4000. LOL
Sold to Close SPX Jan 19 2024 4400/4300 Bear Put Spread @ 11.10 (“bought” for 3.00 credit)
Leaving the short call side on for now (4750/4760) and selling SPY put spreads to help protect those in another rally.
Sold SPY Jan 19 2024 480/460 Bull Put Spreads @ 16.00
I’ll manage those by planning to take stock at a basis 4 dollars above wherever the stock is at expiration if we tank.
NVDA
#BullPutSpreads – Not to interested in this one anymore. If it gets down to 380 I’ll look again.
Bought to Close NVDA Dec 15 2023 450.0/440.0 Bull Put Spreads @ 2.45 (sold for 1.90)
NVDA
#BullPutSpreads – Couldn’t resist.
Sold NVDA Dec 15 2023 450.0/440.0 Bull Put Spreads @ 1.90
TSLA Earnings
#Earnings #BullPutSpreads – Tried this last time and stock sold off. Eventually got out at even. Might as well try again! Selling ITM with the plan of taking stock again if it implodes (I’ll sell the long side Fri afternoon).
Sold TSLA Oct 20 2023 255/245 BuPS @ 6.05
TSLA earnings
#BullPutSpreads – Took a directional shot (wrong!) LOL. Closing long put and leaving short to get exercised. Covering it next week at the expected move for downside protection and slightly below my basis (easy to roll these though).
Originally: Sold TSLA Jul 21 2023 300.0/290.0 Bull Put Spread @ 5.75
Sold to Close TSLA Jul 21 2023 290.0 Put @ 24.25
Sold TSLA Jul 28 2023 250.0 Call @ 17.75
Result:
Exercise at 300 with 47.75 credit received. Basis 252.25 covered at 250.00
TSLA earnings
#BullPutSpreads – Possibly a sell the news but taking a directional shot to the upside anyway. I’ll manage by rolling or taking stock if it sells off. I must be bored. LOL
Sold TSLA Jul 21 2023 300.0/290.0 Bull Put Spread @ 5.75
PACW put spread
#speculation #bullputspreads #assignment
Sold this $PACW Apr 21st 15/10 put spread for 3.70 on March 17th, and it fizzled out, failing to get above 11 until yesterday. I was on a plane when it peaked at 11.71 so didn’t close. Last night, ASSIGNED on the short puts on over half of the spreads. Today, looking to close remaining SPREADS for 3.50, breakeven covering commissions. Also will look to sell stock if we get over 11.50, which would be effectively the same. Earnings are next week so no interest in holding on to the stock longer.
PACW bull put spread
#speculation #bullputspreads My first non-SPX trade in many months…
Sold to Open $PACW April 21st 15/10 put spreads for 3.70, with PACW at 9.05.
This is risking 1.30 to make 3.70. Stock has over a month to recover. I may choose to close if it drops down below 2.00 pretty quickly, or below 1.00 weeks before expiration.
I have no idea if this bank crisis will get worse, but the risk/reward on the trade is hard to resist when this stock was at 27.00 only 10 days ago.
AMZN SVXY TBT
#SyntheticCoveredCalls #BullPutSpreads #SyntheticShortStock – A few.
AMZN: This week looks good so selling part of next week.
Sold AMZN DEC 16 2022 94.0 Calls @ 1.20
SVXY: Taking it 45 days early.
Bought to Close SVXY JAN 20 2023 60.0/50.0 Bull Put Spread @ 3.00 (sold for 6.25)
TBT: Taking off the covered portion of short position and covering the rest.
Net gain of 3.10 per spread:
Sold to Close 6 TBT JAN 17 2025 36.0/36.0 Synthetic Short Stock @ 7.50 (bought for .32 credit)
Bought to Close 3 TBT DEC 16 2022 33.0 Puts @ 4.45 (sold for .35)
Bought to Close 3 TBT DEC 16 2022 34.0 Puts @ 5.40 (sold for .05)
Covering the rest of the shorts:
Sold TBT DEC 16 2022 28.5 Puts @ .84
SVXY
#BullPutSpreads – Hard to believe this thing is still near 50. Finally taking a hit today since we eased back into backwardation again finally. Taking a defined risk directional shot on it through end of year. Taking assignment is the plan if it keeps dropping.
Sold SVXY JAN 20 2023 60.0/50.0 Bull Put Spread @ 6.25
EWZ
#BullPutSpreads – Not a lot of premium in these so not really interested in owning it. Taking advantage of the bounce to get out with a little profit.
Bought to Close EWZ AUG 19 2022 33.0/30.0 Bull Put Spreads @ 1.98 (sold for 2.40)
QYLD
#BullPutSpreads – Taking a low risk shot at a possible small bounce through end of year. I’ll take the stock if needed.
Sold QYLD FEB 17 2023 20.0/18.0 Bull Put Spreads @ 1.80
EWZ NVDA
#BullPutSpreads #CoveredCalls – A couple.
EWZ: Taking a low risk bullish shot. I’ll take stock if needed.
Sold EWZ AUG 19 2022 33.0/30.0 Bull Put Spreads @ 2.40
NVDA: Covered.
Sold NVDA JUL 1 2022 185.0 Calls @ .90
HOOD lottery ticket update…
#BullPutSpreads – I know a couple followed me on this so a quick update.
Original trade: Sold HOOD MAY 20 2022 25.0/15.0 Bull Put Spreads @ 9.00
Risking 1 to make 9 if the stock took off. (it didn’t).
So on a bounce a few days ago figuring it would get sold:
Sold HOOD MAY 20 2022 10.0 Calls @ 1.00
If HOOD closes below 10 on Friday whole position goes away at even. If HOOD is above 10 but below 25 I’ll close the long put near end of day and take the double exercise assigned/called away at 10 for breakeven. The stock would really have to see some good news for me to even consider rolling the 10 strike short calls and keeping the stock.
XBI
#BullPutSpreads – Playing this as a reverse reverse psychology FOMO trade. I’m sure I have Mr. Market confused now! Wanting a pullback so setting up a bullish position thinking it could run on up to the 200 day. Happy with an up or down move now.
Sold XBI MAY 20 2022 115.0/95.0 Bull Put Spreads @ 14.80
HOOD
#BullPutSpreads – Just for fun…lottery ticket. Risk 1 to make 9.
Sold HOOD MAY 20 2022 25.0/15.0 Bull Put Spreads @ 9.00
RSX
#BullPutSpreads – Going out in time with defined risk. Breakeven at 13 and max loss 3.
Sold RSX JAN 20 2023 30.0/10.0 Bull Put Spreads @ 17.00
LABU
#BullPutSpreads – Chart is showing signs of maybe forming a base with a chance of a move back up. I’m rarely right about these but taking a shot anyway. Sized small enough to take stock if needed.
Sold LABU NOV 19 2021 65.0/55.0 Bull Put Spreads @ 7.00
TQQQ
#BullPutSpreads – Not right on direction very often so taking the one day gain on the big move.
Bought to Close TQQQ OCT 22 2021 140.0/135.0 Bull Put Spreads @ 1.65 (sold for 2.95)
GS earnings
#BullPutSpreads #Earnings – A low risk directional shot.
Sold GS OCT 15 2021 397.5/392.5 Bull Put Spread @ 3.00
HOOD
#ShortPuts #BullPutSpreads – Should have closed these yesterday but never had time. Booking now and moving out a couple weeks with new ones.
Bought to Close HOOD OCT 1 2021 38.0 Puts @ .40 (sold for .93)
Bought to Close HOOD OCT 1 2021 39.0 Puts @ .25 (sold for 1.25)
Bought to Close HOOD OCT 1 2021 45.0/40.0 Bull Put Spreads @ 1.95 (sold for 3.42)
Sold HOOD OCT 15 2021 38.0 Puts @ .95
Sold HOOD OCT 15 2021 39.0 Puts @ 1.25
Sold HOOD OCT 15 2021 40.0 Puts @ 1.65
Sold HOOD OCT 15 2021 41.0 Puts @ 2.00
HOOD
#BullPutSpreads – Taking a directional shot just for fun. I’ll take the stock if needed.
Sold HOOD OCT 1 2021 45.0/40.0 Bull Put Spreads @ 3.42
COUP
#BullPutSpreads – Took a directional shot at this. It’s run up to the 50 day so taking it here. Earnings Sep 7th.
Bought to Close COUP AUG 27 2021 240.0/220.0 Bull Put Spread @ 10.00 (sold for 14.25)
COUP
#BullPutSpreads – Seems to be trying to build a base. Taking a directional shot a couple weeks prior to earnings. Limited risk and still have the high IV of earnings to adjust into if needed.
Sold COUP AUG 27 2021 240.0/220.0 Bull Put Spread @ 14.25
COUP LABU SOXL
#ShortPuts #BullPutSpreads – A little bit of everything today.
COUP: Taking a directional shot a couple weeks before earnings.
Sold COUP AUG 20 2021 240.0/220.0 Bull Put Spread @ 13.00
LABU: Rolling the one I dared Mr. Market to come and get. 🙂 🙂
Rolled LABU JUL 16 2021 71.5 Put to JUL 30 2021 71.0 Put @ .35 credit (2.90 total now)
SOXL: Adding.
Sold SOXL AUG 20 2021 39.0 Put @ 4.00
VRTX
#BullPutSpreads – Had this sitting there but didn’t think it would actually fill. Wide spreads so could probably have gotten a better price.
Bought to Close VRTX JUL 9 2021 200.0/190.0 Bull Put Spread @ 3.25 (sold for 7.00)
KMX Earnings
#BullPutSpreads – Closed a little early but I’ll take it for a quickie.
Bought to Close KMX JUN 25 2021 125.0/120.0 Bull Put Spread @ 1.09 (sold for 3.26)
KMX Earnings
#BullPutSpreads – Going full bullish on this one. Used car market has been crazy. But…if I’m wrong I’ll get the stock at a decent basis.
Sold KMX JUN 25 2021 125.0/120.0 Bull Put Spread @ 3.26
TQQQ
#BullPutSpreads – Taking about a dollar out of these as it approaches all time highs again.
Bought to Close TQQQ JUL 2 2021 115.0/110.0 Bull Put Spreads @ 1.98 (sold for 2.95 average)
TQQQ
#BullPutSpreads – Adding.
Sold TQQQ JUL 2 2021 115.0/110.0 Bull Put Spread @ 3.10
VRTX
#BullPutSpreads – Thanks @Iceman for pointing this one out. Playing for a bounce with a very directional bull put spread. Selling a couple weeks before earnings also. Currently 40 percent off all time high with recent bad news about a lung cancer drug. Still seems to be some nice price targets on it even after the downgrades. I’ll manage it same way I do all of my aggressive directional bull put spreads.
Sold VRTX JUL 9 2021 200.0/190.0 Bull Put Spread @ 7.00
TQQQ
#BullPutSpreads – Staying involved in case it breaks out to all time highs. If it implodes I’ll take stock at a basis only 2.10 higher than whatever it drops to.
Sold TQQQ JUL 2 2021 115.0/110.0 Bull Put Spreads @ 2.90
MNMD
#BullPutSpreads – Filled on the rest of the long 2.5s.
Final position:
Sold MNMD JUL 16 2021 5.0/2.5 Bull Put Spreads @ 1.63
BIIB aducanumab decision
#BullPutSpreads – IV much higher than a typical earnings announcement so taking a shot. Playing it to the upside with defined risk selling an ITM bull put spread. If it tanks then the lower the better for starting a covered call program.
Sold BIIB JUN 11 2021 300.0/270.0 Bull Put Spread @ 20.20
Trying to sell 3-4 call spreads above it somewhere to help with basis reduction on an implosion but to still preserve some decent profits to the upside. Sort of an unbalanced iron jade condor lizard 🙂 🙂
https://www.barrons.com/articles/fda-biogen-decision-biotech-stocks-51622553280
EDIT: Went wider on the call spread and sold at the expected move. Max profit window is 300-320 with no upside risk. Basis on an implosion will only be 5.80 above wherever the stock is trading at Friday expiration.
Sold BIIB JUN 11 2021 320.0/340.0 Bear Call Spread @ 4.00
REGN pre earnings again
#BullPutSpreads #ShortPuts – Got the directional move I needed with the ITM BuPS sale. (thank you TTM squeeze indicator). Taking that off and repalcing it with a slightly less directional put sale. Still in the week before earnings.
Bought to Close REGN APR 30 2021 500.0/480.0 Bull Put Spread @ 6.00 (sold for 11.26)
Sold REGN APR 30 2021 490.0 Put @ 4.50
AAPL
#BullPutSpreads – Got the little run up to the 50 day so booking it.
Bought to Close AAPL APR 23 2021 128.0/122.0 Bull Put Spread @ 2.02 (sold for 3.70)
REGN pre earnings
#BullPutSpreads – Similar to the AAPL trade last week. Taking a directional position in the week before earnings. Manage if needed into the earnings week. Chart is starting to look pretty bullish.
Sold REGN APR 30 2021 500.0/480.0 Bull Put Spread @ 11.26 (filled instantly at better than mid so can do better)
AAPL
#BullPutSpreads – Just for fun, taking a directional shot the week before earnings. I’ll take the stock for earnings if needed.
Sold AAPL APR 23 2021 128.0/122.0 Bull Put Spread @ 3.70
My Reddit Fueled Silver Saga (SLV)
#BullPutSpreads #CoveredCalls – I got caught up in the reddit craze when it looked like they might go after silver next. First trade was ITM bull put spreads going very directional.
Feb 1st: Sold March 19th 30/25 BuPS @ 3.30
It didn’t take long to see that this was never going to work. To minimize losses I sold bear call spreads right over the top of the put spreads.
Feb 23: Sold March 19th 25/30 BeCS @ 1.10
The call sales eliminated any chance of the trade being a winner but cut max loss down to 60 cents. That’s where I was going to let it end until today. I knew all along there was a decent chance the short 30 puts could get exercised early so on to plan B when that happened today. 🙂 🙂
After the early assignment I closed the 25 strike leftover long puts for additional credit.
Mar 17: Sold to close Mar 19th 25 puts @ .95
This leaves the short 25 strike calls that were sold on Feb 23rd as a covered call position on the stock. I don’t believe the 25 strike short calls will get hit this week (we’ll see). I do have a tight stop on them since I sold next week’s calls already against the stock.
Mar 17th: Sold Mar 26th 23.5 calls @ .95
All said and done the position was assigned at 30 and I’ve collected 6.30 in premium. This leaves the stock at a basis of 23.70 covered at 23.50. If needed one more roll of the calls should get the overall position to even.
I’m not sure it helps anyone but it helped me to review it all!
EDIT: Update while typing this…stopped out of this week’s 25 strike calls @ .15 so stock basis now 23.85
Update on Put Strategies
Gaining experience with IC, BuPS and DiagBuPS……learning on the fly…..so far so good….
https://coveredcallswithjeff.wordpress.com/2021/02/21/update-on-put-strategies/
UVXY
#BullPutSpreads – Putting my hedge back on. Partial fill…
Sold UVXY FEB 12 2021 11.5/10.5 Bull Put Spreads @ .73
CRM SLV
#ShortPuts #BullPutSpreads – For lack of anything else to do trying a couple highly directional positions.
CRM: Pre-earnings so good premium to manage it.
Sold CRM FEB 19 2021 220.0 Put @ 4.80
SLV: Just for fun. Tiny position I’ll manage similar to my PINS trade if needed.
Sold SLV MAR 19 2021 30.0/25.0 Bull Put Spreads @ 3.20
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.
/NQ
#BullPutSpreads #Futures – Sold this the night of the Senate run-off in Georgia. Taking about 65 percent 30 days early. These trade at $20 per point.
Bought to Close /NQ FEB 21 11000/10500 Bull Put Spread @ 15.50 (sold for 42.00)
UVXY
#BullPutSpreads – Putting my low risk hedge back on for the inauguration. Plan would be to take stock and sell slightly ITM calls at breakeven if needed.
Sold UVXY JAN 22 2021 11.5/10.0 Bull Put Spreads @ 1.11
NVDA pre earnings
#BullPutSpreads – I’m pretty sure this is the week (or two) before earnings but not completely sure since their normal day is a weekend this quarter. Spreading it while waiting for an account to get moved. Selling expected move and near recent lows.
Sold NVDA FEB 5 2021 485.0/405.0 Bull Put Spread @ 5.10
PINS
#BullPutSpreads – Riding with jsd501 on this one. Playing for a breakout with very limited downside. Could get stock or roll into earnings. Staying small…
Sold PINS JAN 29 2021 80.0/75.0 Bull Put Spreads @ 3.20
/NQ Futures
#BullPutSpreads – Selling a wide put spread down near the 200ma and about 1.5 times the expected move…
Sold /NQ FEB 21 11000/10500 Bull Put Spread @ 42.00
These trade at 20 dollars per point so max gain of $840
Opening Transaction PTON BuPS Credit $1.32, Stock at $58.20
NFLX
#BullPutSpreads – Taking it 3 weeks early…
Bought to Close NFLX JAN 8 2021 450.0/400.0 Bull Put Spread @ .85 (sold for 4.31)
NFLX
#BullPutSpreads – Trying something a little different. Instead of naked going with the wide spread with plans to close the long side on a bigger pullback to make a little extra. Selling a week or two before next earnings at the expected move and below the 200ma.
Sold NFLX JAN 8 2021 450.0/400.0 Bull Put Spread @ 4.31
UVXY
#BullPutSpreads – This might be crazy but pretty low risk if I have to take stock. Figured I should have some sort of a tiny hedge for the month.
Sold UVXY DEC 31 2020 13.0/11.0 Bull Put Spreads @ 1.48
WYNN Earnings
#BullPutSpreads – Whiz has been starting to lean a little bullish on the casinos so selling aggressively here. Either make a little or get stock at a decent basis if it tanks.
Sold WYNN NOV 6 2020 85.0/80.0 Bull Put Spread @ 3.40
TSLA
#BullPutSpreads – Bought to Close TSLA AUG 28 2020 1300.0/1000.0 BuPS @ .06 (sold for 2.40)
TSLA
#BullPutSpreads – I’ll take a small shot pre-split. The stock actually sold off for 10 whole minutes. 🙂 🙂
Sold TSLA AUG 28 2020 1300.0/1000.0 Bull Put Spread @ 2.40
PLUG
#BullPutSpreads – Just messing around with this one…
Bought to Close PLUG SEP 18 2020 12.0/10.0 Bull Put Spreads @ .70 (sold for 1.30)
PLUG
#BullPutSpreads – Thanks @Jeff for pointing this one out. Might be a fun one to play with…pretty low risk selling ITM spreads. I’ll manage it similar to an earnings spread when I sell those ITM. If the stock tanks one covered call sale will get that back.
Sold PLUG SEP 18 2020 12.0/10.0 Bull Put Spreads @ 1.30
SPCE Earnings (early)
#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
WYNN
#BullPutSpreads – In a nice squeeze and looks strong. MGM breaking out and LVS and PENN strong. But…for risk reduction selling a spread in case of an implosion. At least I’ll get it at a nice basis no matter how low it goes on a pullback.
Sold WYNN JUL 17 2020 100.0/90.0 Bull Put Spread @ 5.30
NVDA SPY TNA
#CoveredCalls #BullPutSpreads #Earnings
NVDA: Earnings down to the wire but went out worthless
MAY 22 2020 360.0/355.0 Bull Put Spread @ 2.65 (expired)
SPY: Down to the wire but had to roll (covered)
Rolled SPY MAY 22 2020 295.0 Call to MAY 27 2020 295.0 Call @ 2.20 credit (4.65 total now)
TNA: Rolled out a week and up a little (covered)
Rolled TNA MAY 22 2020 20.0 Calls to MAY 29 2020 20.5 Calls @ .12 credit
NVDA Earnings
#BullPutSpreads – Wouldn’t mind owning this but would like to see it implode a little. Selling ITM bull put spread for upside gain but a decent ownership basis if it does tank.
Sold NVDA MAY 22 2020 360.0/355.0 Bull Put Spread @ 2.65
Not much else going on…just letting things work.
SPCE Earnings
#BullPutSpreads #Earnings – Jumping back into this one after stock getting called away over the weekend. Earnings not until tomorrow afternoon but with the stock down a little today I’m selling early.
Sold SPCE MAY 8 2020 19.0/16.0 Bull Put Spreads @ 1.80
JPM
#BullPutSpreads #Earnings – Will take the stock if I have to but spreading it for now until I can get a little more out of my GILD, T, XBI, and XOP positions in same account.
Thanks @Iceman and @thomberg1201 for the earnings reminder.
Sold JPM APR 17 2020 92.5/80.0 Bull Put Spreads @ 1.16
SPCE
Original trade:
#BullPutSpreads #Earnings – Selling slightly in the money. If I get lucky and the stock goes up it’ll be a nice winner. On the other hand, no matter how far it drops I’ll own stock about 1.70 below my basis which can be more than made up in one week of call selling with the extreme premium on this thing.
Sold SPCE FEB 28 2020 41.0/36.0 Bull Put Spreads @ 3.30
So…closing the long puts for the gains and letting the shorts get exercised. Non taxable account so selling the covered calls early using spreads. Yesterday bought puts to protect the position from anything crazy. Selling aggressively to reduce basis as quickly as possible during this high volatility.
Sold to Close SPCE FEB 28 2020 36.0 Puts @ 12.40
Sold SPCE MAR 6 2020 22.0/52.0 Bear Call Spreads @ 3.70
Bought 7x size SPCE JUL 17 2020 5.0 Puts @ .10
All said and done own the stock at 21.60 basis covered at 22 next week….whew!
SPCE Earnings
#BullPutSpreads #Earnings – Selling slightly in the money. If I get lucky and the stock goes up it’ll be a nice winner. On the other hand, no matter how far it drops I’ll own stock about 1.70 below my basis which can be more than made up in one week of call selling with the extreme premium on this thing.
Sold SPCE FEB 28 2020 41.0/36.0 Bull Put Spreads @ 3.30
Options Bistro 