Option Stratgies: MDB
Hello everyone！ Today i want to share some option strategies with you!
Remember that "losing" trade on $MongoDB Inc.(MDB)$ where it tanked down to 230 post-earnings and we decided to take assignment of shares at 262.5 (actually 260 after you factor in the premium captured).
Well, MDB hit 260 today and we could either sell our shares and exit out at breakeven or keep our shares and potentially exit out at profit if MDB continues to move up. Net of it all ... we can exit out of this trade in overall profit!
What's the point here: Know what you are selling puts on and understand when earnings sell-offs are over-reactions to the earnings news/results/guidance. Sometimes taking assignment on a "losing" trade is okay if you know that the stock will move back up in time.
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