20/7 all my options expiry and this helped me erased some of my losses for selling call at the wrong time
### Trading Summary for July 20th
#### Option Contracts:
1. **PLTR Put Option (Strike Price: $20)**
- **Outcome**: Expired worthless
- **Premium Earned**: $0.15 per share
- **Reason**: Low-risk contract with PLTR trading at $26, providing a 30% buffer.
2. **PLTR Call Option (Strike Price: $15)**
- **Outcome**: Assigned$Palantir Technologies Inc.(PLTR)$
- **Action**: Forced to sell 100 shares of PLTR at $15
- **Premium Earned**: Previously received $3.60 per share
3. **PLTR Call Option (Strike Price: $23)**
- **Outcome**: Assigned
- **Action**: Forced to sell 100 shares of PLTR at $23
- **Premium Earned**: Previously received a premium (not specified) $50
4. **JEPI Put Option (Strike Price: $56)**
- **Outcome**: Expired worthless
- **Premium Earned**: $15
#### Profit and Loss (P&L):
- **Palantir (PLTR)**:
- **Total P&L**: $1,824.30
- **Unrealized P&L**: $93.07
- **Realized P&L**: $1,731.23
- **Manulife**:
- **Total P&L**: $1,065.93
- **Unrealized P&L**: -$0.33
- **Realized P&L**: $1,066.26
### Key Points:
- **Covered Call Assignments**: The call options led to selling PLTR shares at lower prices, but premiums helped offset some of the loss.
- **Put Options**: Both PLTR and JEPI put options expired worthless, allowing me to keep the premiums without buying any shares.$JEPI 20240719 56.0 PUT$
- **Overall P&L**: Despite some mistakes, my total profit from PLTR and Manulife is still near $2,900.
This trading summary shows how option strategies can sometimes backfire, but also highlights the importance of managing risks and premiums to still achieve a profitable outcome.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
- OYoung·07-22Nice recovery from the wrong timing! Great job turning losses into profits. [Applaud]LikeReport
- kookieman·07-22Lucky save! [Grin]LikeReport