I closed $SMH 20240621 267.5 P

I closed $SMH 20240621 267.5 PUT$ ,SMH: collect 1.1% premium when this cash secured put expired in the money. The strike was chosen at $267.5 and the ETF close at $264.89 therefore bought in the shares. Overall this was intended as I was heavily short on SMH stocks so buying shares is my form of covering my losing trades. My overall SMH short average was $200 so taking loss of $67.5 per share. Happy to collect some premium while closing these losing trades to offset some losses.

SMH PUT

06-22 15:07

US20240621 267.5

Side	Price	Realized P&L
Buy Close	0.00	+100.00% Closed

VanEck Semiconductor ETF

Trade Feed: Who is your favorite star traders?

Come to the Trade Feed Topic to find more trading opportunities! Also, please feel free to recommend and introduce fellow Tigers to the "hidden gem traders" that you've discovered!

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"detailType":1,"isChannel":false,"data":{"magic":2,"id":319666930499808,"tweetId":"319666930499808","gmtCreate":1719072888802,"gmtModify":1720512181345,"author":{"id":3581560330669557,"authorId":3581560330669557,"authorIdStr":"3581560330669557","name":"Terra Incognita","avatar":"https://community-static.tradeup.com/news/b5e59779a1eaa1b3dc28886ab0efa184","vip":2,"userType":2,"introduction":"MSc. in Supply Chain Mgmt, Audit, Quality and Procurement for Semicon companies.","boolIsFan":false,"boolIsHead":false,"crmLevel":8,"crmLevelSwitch":1,"currentWearingBadge":{"badgeId":"e93d6aec3f8541a685bf0bdf8480c06e-5","templateUuid":"e93d6aec3f8541a685bf0bdf8480c06e","name":"Ace trader","description":"Top 10","bigImgUrl":"https://community-static.tradeup.com/news/71a2286cf1c2ed4ac872db75d2914b4d","smallImgUrl":"https://community-static.tradeup.com/news/95cd664634e0cafd4dd538f723a13053","grayImgUrl":"https://community-static.tradeup.com/news/f027bafd492bdca554224ca0bfb51d8f","redirectLinkEnabled":0,"redirectLink":"https://www.tigerbrokers.com.sg/activity/market/2023/stock-contest?adcode=StockContest2023","hasAllocated":1,"isWearing":1,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2024.02.03","individualDisplayEnabled":0},"individualDisplayBadges":[{"badgeId":"9427a906234c4b18a82ec3d7730b7fa8-1","templateUuid":"9427a906234c4b18a82ec3d7730b7fa8","name":"Star Contributor","description":"Have published 3 or more picked posts, and have published at least one picked post and participated in comments within 30 days","bigImgUrl":"https://community-static.tradeup.com/news/1866dcf97a73be1c330f85862546aedc","smallImgUrl":"https://community-static.tradeup.com/news/4f5c5fa8e2c7683bb5a7fce8753ee456","redirectLinkEnabled":1,"redirectLink":"https://ttm.financial/activity/market/2023/star-contributors/","hasAllocated":1,"isWearing":0,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2024.09.28","individualDisplayEnabled":1,"backgroundColor":{"dark":"#675a37","tint":"#f9ebc2"},"fontColor":{"dark":"#ffffff","tint":"#ab7a0e"}}],"fanSize":14572,"starInvestorFlag":true,"starInvestorFollowerNum":7279,"starInvestorOrderShareNum":1341,"userFollowInvestorFlag":false,"orderNotificationFlag":false,"ror":5.81,"showRor":true,"investmentPhilosophy":"Link to my Tiger Interview 🤭\n<a href=\"https://ttm.financial/post/266141363277960\">[Trade Feed] @Terra Incognita: Over 60% RoR through Strategic Options Selling</a>","winRationPercentage":80.964798,"navOrReporedYield":0,"tradeVolumeEst":0},"themes":[{"themeId":"4e1ab37448a24dd39b7882426fc6fd27","categoryId":"ab3d937a5fd848c08008411a9be702b5","name":"Trade Feed: Who is your favorite star traders?","type":0,"rnLink":"https://laohu8.com/RN?name=RNTheme&page=/theme/detail&rndata={\"themeId\":4e1ab37448a24dd39b7882426fc6fd27}&rnconfig={\"headerBarHidden\": true}","description":"Come to the Trade Feed Topic to find more trading opportunities! Also, please feel free to recommend and introduce fellow Tigers to the \"hidden gem traders\" that you've discovered!","image":"https://community-static.tradeup.com/news/e496e574dd744490c7b4f7959f83f5a4"}],"images":[],"coverImages":[],"html":"<html><head></head><body>I closed <a href=\"https://ttm.financial/OPT/SMH 20240621 267.5 PUT\">$SMH 20240621 267.5 PUT$&nbsp;</a> ,SMH: collect 1.1% premium when this cash secured put expired in the money. The strike was chosen at $267.5 and the ETF close at $264.89 therefore bought in the shares. Overall this was intended as I was heavily short on SMH stocks so buying shares is my form of covering my losing trades. My overall SMH short average was $200 so taking loss of $67.5 per share. Happy to collect some premium while closing these losing trades to offset some losses.</body></html>","htmlText":"<html><head></head><body>I closed <a href=\"https://ttm.financial/OPT/SMH 20240621 267.5 PUT\">$SMH 20240621 267.5 PUT$&nbsp;</a> ,SMH: collect 1.1% premium when this cash secured put expired in the money. The strike was chosen at $267.5 and the ETF close at $264.89 therefore bought in the shares. Overall this was intended as I was heavily short on SMH stocks so buying shares is my form of covering my losing trades. My overall SMH short average was $200 so taking loss of $67.5 per share. Happy to collect some premium while closing these losing trades to offset some losses.</body></html>","text":"I closed $SMH 20240621 267.5 PUT$ ,SMH: collect 1.1% premium when this cash secured put expired in the money. The strike was chosen at $267.5 and the ETF close at $264.89 therefore bought in the shares. Overall this was intended as I was heavily short on SMH stocks so buying shares is my form of covering my losing trades. My overall SMH short average was $200 so taking loss of $67.5 per share. Happy to collect some premium while closing these losing trades to offset some losses.","highlighted":1,"essential":1,"paper":1,"likeSize":93,"commentSize":0,"repostSize":22,"favoriteSize":0,"link":"https://ttm.financial/post/319666930499808","repostId":0,"isVote":1,"tweetType":1,"viewCount":3089,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":["SMH"],"verified":2,"subType":0,"readableState":1,"langContent":"EN","currentLanguage":"EN","warmUpFlag":false,"orderFlag":true,"orderData":{"uuid":"3581560330669557","orderId":"35407903894144000","kind":"TRADE","symbol":"SMH","secType":"OPT","symbolHtmlTag":"<a href=\"https://ttm.financial/OPT/SMH 20240621 267.5 PUT\">$SMH 20240621 267.5 PUT$&nbsp;</a>","symbolHtmlTagHref":"https://ttm.financial/OPT/SMH 20240621 267.5 PUT","symbolName":"SMH 20240621 267.5 PUT","market":"US","action":"BUY","currency":"USD","symbolLogo":"","showFilledQuantity":false,"nameCN":"VanEck Semiconductor ETF","orderType":"LMT","right":"PUT","strike":"267.5","expiry":"20240621","filledQuantityFinal":1,"avgFillPrice":0,"createTime":1719040068,"filledQuantity":"1","filledQuantityScale":"0","openFlag":false,"side":"DEBIT","contractMajorDescription":"SMH PUT","contractExtraDescription":"20240621 267.5","legs":[],"completedFlag":true,"orderPnl":{"realizedPnlPercent":1,"realizedPnlByAveragePercent":1}},"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":["订单分享帖"],"commentAndTweetFlag":false,"upFlag":false,"length":368,"xxTargetLangEnum":"ORIG"},"commentList":[],"isCommentEnd":true,"isTiger":false,"isWeiXinMini":false,"url":"/m/post/319666930499808"}