Shared by
jfabiano
Stock trading near LOD after touching almost $48 3 days ago. Thinking we might get a G bounce & battery play so selling the 35DTE $22.50 for 10% of strike when stock was trading $27-28 area Should have support in the $25 then $20 areas so B/E will be just above $20 ($20.25 on 500 shares starter). LOD=$27.70 line and down 18% on the day.
12/16 added 3 more contracts on the push back up at the $20 line for 10% of the short strike 30DTE. Also added the $22.50 2DTE for $.90 as the call premium is pretty good overall.
12/21 closed out the 12/16 add in less than 1 week capturing 70% of total max gain. Left on the $22.50 puts and will look to close with GTC with $.20 debit as a working order.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2020-12-11 15:27:00 | JAN15 21 22.50 PUT | sell | $2.250 | short |
| 2020-12-16 09:40:00 | JAN15 21 20 PUT | sell | $2.000 | short |
| 2020-12-16 09:40:00 | JAN15 21 20 PUT | sell | $2.000 | short |
| 2020-12-16 10:02:00 | DEC18 20 22.50 PUT | sell | $0.9000 | short |
| 2020-12-17 14:48:00 | DEC18 20 22.50 PUT | buy | $0.1000 | short |
| 2020-12-17 14:48:00 | DEC18 20 22.50 PUT | buy | $0.1000 | 0 |
| 2020-12-21 10:43:00 | JAN15 21 20 PUT | buy | $0.6000 | 0 |
| 2020-12-22 09:33:00 | JAN15 21 22.50 PUT | buy | $0.4500 | 0 |
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