Shared by
jfabiano
Starting in on this stock as it has nice support near the $80/75 area on the daily and starting to move back up toward the $100 area. only 1 contract, but will try to fill more $75/80 next week as we get closer to the 45DTE magic #.
9/1 45DTE decided to do a Buy write on this stock with basis at $85.10 for 300 shares.
9/21 Nice Spike 10%+ today back to $92-93 area so rolled down my $100 short calls to $90 calls for additional $4.10 credit. New B/E now $81.03 net of rolling with $2,691 potential profit if called away at $90 price.
10/7 good push back over $100 and into the $115+ area (it actually made it all the way to $125+ a few days later). Took position off early for $89.75 credit as max possible is $90 but get to close out 9 days early and lock in the profit.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2020-08-28 09:46:00 | OCT16 20 80 PUT | sell | $6.000 | short |
| 2020-08-31 09:53:00 | OCT16 20 75 PUT | sell | $5.500 | short |
| 2020-09-01 13:59:00 | OCT16 20 100 CALL | sell | $11.300 | short |
| 2020-09-01 13:59:00 | FSLY | buy | $91.170 | long |
| 2020-09-01 14:01:00 | OCT16 20 100 CALL | sell | $11.200 | short |
| 2020-09-01 14:01:00 | FSLY | buy | $91.170 | long |
| 2020-09-21 09:47:00 | OCT16 20 75 PUT | buy | $2.700 | 0 |
| 2020-09-21 15:50:00 | OCT16 20 100 CALL | buy | $11.300 | short |
| 2020-09-21 15:50:00 | OCT16 20 90 CALL | sell | $10.150 | short |
| 2020-09-21 15:50:00 | OCT16 20 100 CALL | buy | $11.200 | 0 |
| 2020-09-21 15:50:00 | OCT16 20 90 CALL | sell | $10.150 | short |
| 2020-09-23 09:30:00 | OCT16 20 80 PUT | buy | $2.900 | 0 |
| 2020-10-07 13:09:00 | OCT16 20 90 CALL | buy | $26.340 | 0 |
| 2020-10-07 13:09:00 | FSLY | sell | $116.090 | 0 |
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