Rationale:
-stock has been down on bad earnings for the third day in a row - so wanted to sell puts into weakness, but got in a bit early (maybe stocks need 3-5 days to slow downward momentum - MONITOR)
-IVR=51%
-IV/HV = 0.33
-potential ROC=160/1432=11.2%
Trade Planning
-max loss: 160-320 (1-2x credit)
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2019-02-26 10:08:07 | APR18 19 32.5 PUT | sell | $0.8000 | short |
2019-04-04 12:07:55 | APR18 19 32.5 PUT | buy | $0.5200 | short |
2019-04-05 09:33:35 | APR18 19 32.5 PUT | buy | $0.3600 | 0 |
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