Near $7 support beaten down stock getting some V and spiking going on the past 2 days. Maybe a little early but 35DTE so going to let this work a little. Tai also went long around $7.50 are 1/17/20 for a swing idea
2/20/20 stock sold off to the $5 area so was looking to roll out to March on the $7 strike for a $.50 credit. Total credits are now $1.10 with Basis if assigned $5.90 gross of all trading fees.
3/21/20 Assigned on $7 puts long 500 shares when stock is trading around $2.70 area so shitty, but nothing I can do now. Will look to sell covered $6 calls if we can get some rebound and these Call are worth something. May only $.10 so not interested in selling for $47 net gain. Want at least .25+
Nice rise to $4.50/4.60 area by end of April so sold the June $6 calls for $.50. ****New basis now $5.40****
6/18/20 Rolled out the $6 calls to July for $.50 credit. New basis now $4.90. If assigned total profit will be around $530-540 on the total trade.
7/9/20 9DTE trading near the $8-9 range on a large spike 7/8 with V. Oh well if it stays this high and I miss out on some potential profit as I have been working this to get back green with 2 Puts sells and 2 covered calls..
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2020-01-17 10:46:00 | FEB21 20 7 PUT | sell | $0.6000 | short |
2020-02-20 09:47:00 | FEB21 20 7 PUT | buy | $0.6000 | 0 |
2020-02-20 09:47:00 | MAR20 20 7 PUT | sell | $1.100 | short |
2020-02-29 13:33:16 | MAR20 20 7 PUT | buy | $1.100 | 0 |
2020-02-29 13:33:16 | JMIA | buy | $4.900 | long |
2020-04-28 09:30:00 | JUN19 20 6 CALL | sell | $0.5000 | short |
2020-06-18 12:10:00 | JUN19 20 6 CALL | buy | $0.5000 | 0 |
2020-06-18 12:10:00 | JUL17 20 6 CALL | sell | $0.6000 | short |
2020-07-17 16:07:31 | JUL17 20 6 CALL | buy | $0.6000 | 0 |
2020-07-17 16:07:56 | JMIA | sell | $6.000 | 0 |
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