Back in March, Trump announced reciprocal tariffs, and that sent the market into a tailspin. At first, I didn’t grasp how badly the market had taken the news — everything fell rapidly. I was holding many cash-secured puts, thinking I could roll these options lower and push them out to later dates. But the market sank faster than I could react.

I rolled many contracts out to further dates, leaving a few that I thought were still “safe,” as they had weeks — even more than a month — before expiration. But when April 4th came, just one day before Trump announced a pause on the tariffs, I was hit hard with assignments on several large option positions. One of them was META.

My strike was $650, and I took assignment when META’s market value was only $500. I decided to hold on. Today, that position has turned into a solid profit — unrealized, but satisfying nonetheless.

It wasn’t the best entry, and it certainly wasn’t painless getting here, but it’s a reminder that sometimes patience (and a bit of luck) can turn a bad day into a good story.