I opened $SMH 20240719 242.5 P

I opened $SMH 20240719 242.5 PUT$ ,SMH: collect 1.15% premium on this SMH cash secured put with strike at $242.5 and expiring on 19th July which is 25 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 US20240719 242.5	Sell Open	2.79	2024-06-2423:15:27

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Comments

AIolt
06-25
AIolt
Nice premium on SMH put
EarlBoyle
06-25
EarlBoyle
Nice analysis
Tom Chow
06-25
Tom Chow
good
DollarYS
06-25
DollarYS
Great article, would you like to share it?

Leave a comment

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