mster
03-29

I closed 1 lot(s) $DJT 20240517 37.5 PUT$  ,I closed 1 lot(s) $DJT 20240517 37.5 PUT$  ,Decided to close out this play. Mentioned before that this was a speculative play, however realize that the rounded number strike has got more volume and tighter spread vs this .5 option I’ve sold, thus decided to close it and find new opportunity at a different strike. With this stock still heading south today, shall wait till next week to see how things go.
Trading Order
SymbolSidePrice | FilledFilled time
DJT PUT
US20240517 37.5
Buy
Close
8.551Lot(s)2024-03-2900:10:13
# Trade Feed: Who is your favorite star traders?

Modify on 2024-03-29 10:58

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  • mster
    ·03-29
    I sold this put cause the IV was very high, thus high premiums, as am expecting the IV to come down quite drastically over the next 2 weeks or so. Thus even if the stock price remain the same or even dips a little, i should still able to profit from a put contract. However, buying a put works exactly the opposite, the stock price need to dip faster then the IV otherwise it will be hard to profit from the contract. Hope you can make a good call and may the market be with you. 👍
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  • Janet Alice
    ·03-29

    I bought a put option days ago and don’t know if I should close the position.

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