I sold a put on YINN stock, capitalizing on China's economic stabilization and its highest retail sales growth in eight months. Collecting a premium of $88 at a strike price of $24, this strategy leveraged improving market sentiment and Beijing's stimulus impact, while providing downside protection through the strike price buffer. This reflects a bullish outlook on China’s recovery momentum.
I opened $YINN 20241220 24.0 PUT$ ,
YINN PUT
11-20 00:20
US20241220 24.0
| Side | Price | Realized P&L |
|---|---|---|
| Sell Open | 0.88 | -43.18% Holding |
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