Shared by
jfabiano
In the online business space sympathy to ZM & DOCU but much lower priced. Selling the 15 delta OTM put. Stock trading in the $33 area with $30 & 28/27 on the daily lines as support. Taking larger position on these as had a pretty good premium for these even being at the low Delta. High IV as ER AMC on 9/8/20.** B/E on position if assigned is $26.70**
10/8 Stayed patience and closed out on the nice rebound back towards $30 with 8DTE and capturing 80% of the short put value. Not with trying to get the last $450 of potential profit when this has already rallied from the $24 area back to being OTM
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2020-09-02 10:44:00 | OCT16 20 29 PUT | sell | $2.300 | short |
| 2020-10-08 11:14:00 | OCT16 20 29 PUT | buy | $0.4500 | short |
| 2020-10-08 11:14:00 | OCT16 20 29 PUT | buy | $0.4500 | short |
| 2020-10-08 11:14:00 | OCT16 20 29 PUT | buy | $0.4500 | 0 |
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