Shared by
jfabiano
Opened 2 short $165 puts in ROTH as I like the LT outlook for this company and at ATH with very strong move on a pretty bad day overall for the markets. Looking for a Wagon Wheel. 3/13/20 Rolled $165 puts from Mar to APR $2.05 net credit for total credits $3.25 ($1.20+2.05).
4/18 Assigned $165 puts with basis $162ish net of puts fees.
5/28 sold $165 calls 45DTE near the B/E strike. Nice rally 6/8/20 now into the high $160's. Total basis now $157.90 so $7.10 profit potential ($1,420) if assigned by 7/17/20)
6/29/20 $.76 Ex Dividend date so will add that to lower basis. Total Basis now $157.14 after the 8/10/20 dividend payable. so $7.86 profit potential ($1,570)
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2020-02-21 14:49:00 | MAR20 20 165 PUT | sell | $1.200 | short |
| 2020-03-13 11:54:00 | APR17 20 165 PUT | sell | $3.250 | short |
| 2020-03-13 11:54:00 | MAR20 20 165 PUT | buy | $1.200 | short |
| 2020-03-13 13:22:00 | APR17 20 165 PUT | sell | $3.250 | short |
| 2020-03-13 13:22:00 | MAR20 20 165 PUT | buy | $1.200 | 0 |
| 2020-04-18 17:09:46 | APR17 20 165 PUT | buy | $3.250 | 0 |
| 2020-04-18 17:09:46 | DE | buy | $157.140 | long |
| 2020-05-28 09:30:00 | JUL17 20 165 CALL | sell | $4.000 | short |
| 2020-07-17 16:04:32 | DE | sell | $165.000 | 0 |
| 2020-07-17 16:05:03 | JUL17 20 165 CALL | buy | $4.000 | 0 |
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