Shared by
walden
Listen to other and short CRM put when it was 143. It was 12-month low, but it keeps going lower. I set my strike at 134 and still got hit. Fuck the guy who tell me to sell put on CRM. I thought about holding on to the put and get stock at 134, but market was weak and I am hesitant to do that.
What I did Wrong: I set the strike at 2 standard dev and thought it should be safe when CRM price was at that level.
Where I could improve: Avoid selling put on stock that I am unfamiliar with.
Trade grade: Fail.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2022-12-02 11:00:25 | DEC09 22 135 PUT | sell | $0.4900 | short |
| 2022-12-02 12:25:36 | DEC09 22 135 PUT | buy | $0.4000 | 0 |
| 2022-12-02 13:04:50 | DEC09 22 134 PUT | sell | $0.3600 | short |
| 2022-12-08 10:31:17 | DEC09 22 134 PUT | buy | $3.800 | 0 |
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