I opened $SMH 20240726 240.0 P

I opened $SMH 20240726 240.0 PUT$ ,SMH: collect 1.25% premium on this SMH cash secured put with strike at $240 and expiring on 26th July which is 32 days away. The delta was set at 0.2 to allow for room for the ETF to be able to move down a little before triggering. SMH had a sharp reversal on the 20th June and had confirmation on the next day after closing lower. Will monitor for this potential reversal for signs of consolidation to close the trade at better pricing.

Trading Order
Symbol	Side	Price	Filled time
SMH PUT US20240726 240.0	Sell Open	3.04	2024-06-2423:24:41

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Comments

Tom Chow
06-25
Tom Chow
good

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