I opened $NET 20241108 70.0 PUT$  ,Cloudflare kind of under the radar amongst the other big cyber security players, the like of PaloAltos etc. looking back at Cloudflare’s past earning you may notice they have not had a miss in a long long time, expecting them to again beat this coming earning set to report next week, sold a CSPut to ride the high IV wave for a better premium. While prefers to have the strike a tad lower at $65, the premium was just too tiny, thus settle for a relatively safe distance vs a decent enough premium. Shall see how this play out next week, but will mitigate risk and roll the option down and out if necessary.
NET PUT
11-02 00:57
US20241108 70.0
SidePriceRealized P&L
Sell
Open
0.55+80.00%
Holding
Cloudflare, Inc.
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