Raise your hand if you wrote puts on stocks that were rumored to be included in the S&P rebalance on Friday ... trying to take advantage of potentially elevated IV and betting on a big move up. 🙋🏻♂️
Wrote the following on Friday:
- $SoFi Technologies Inc.(SOFI)$ Dec 19 $24/$22 put credit spread
- $Reddit(RDDT)$ Jan 16 $155 naked put
Will check on Monday to see if IV comes back down and we can buy back for profit (obviously, assuming that the market is flat or up instead of down big).
Also took advantage of the Netflix dump on Friday and wrote:
- $Netflix(NFLX)$ Jan 16 $83 naked put
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