FranklinMorley
09-06

$C3.ai, Inc.(AI)$ AI is a risky bet. Over the past year I made a lot of money selling puts on AI at increasing strike prices, and when AI moved up over $30 after its last earnings report on February 28, 2024, I bought back all of my outstanding puts profitably and moved to the sidelines. Then I had another chance to sell puts at favorable prices again in May and quickly bought them back in June. The volatility in the price of AI has enabled me to serially sell these puts for rich premiums, and buy them back to capture the gains. Because I know that the upside potential for AI is limited, last week I once again sold puts on AI.

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