Am3n_Tao
10-10 01:24
$SPCX 20261106 145.0 PUT$ 


1️⃣ Why am I making this trade now?

Looking to get some SPCX recently so went for this strike while waiting. I think this is quite a good entry point based on recent prices and market structures. Since this looks like a pivot point where buyers are forced to buy in, so why not give it a try? Will take loss if needed. 

2️⃣ What's my plan from here?

Wait. Take the shares if it drops to this strike. Keep prems if expiry. Hold the shares or do a stop loss if exercised. Or do a covered call for more prems if i wish to join the elon cult. Does not really matter, just treat it as water movement.

SPCX PUT
10-10 01:24
US20261106 145.0
SidePrice | FilledRealized P&L
Sell
Open
2.55
1Lot(s)
+8.83%
Holding
SpaceX
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Comments

  • Maria_yy
    10-10 08:02
    Maria_yy
    145 put with that dated expiry gives theta time to work, that part is cleaner than the pivot call. If spot chops around, premium decay does a lot of the heavy lifting
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