Last week my option call was exercised at a strike price of $132 against an average cost of $120+. That's about 10% profit margin realized. Not bad at all. This Monday it continued to run up beyond $135 😅!
Anyway I sold an option put of $125 strike price with an expiration date of Oct 25.
2 possibilities: the put option either expires without the stock price pulling back to the $125 mark. It then means I get to keep the premium or it gets exercised when it falls below $125 on Oct W25. For the latter scenario, it means I have to pick up the shares @ $125. Either way works for me 🤗!
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- AuntieAaA·12:29GOODLikeReport