$CRWD VERTICAL 250314 PUT 330.0/PUT 315.0$
What started as a simple post earnings Bullish Credit Put Spread on Crowdstrike, became a race to the bottom, heart pounding at times.
Great lesson learned when the bears are in control and huhe overhead supply.
I opened my position last Friday, calculated the support to be at $334 and opened the position with 7DTE bullish credit put spread $330/$315. What a ride when the bears took control on Monday, watching the blood bath and put premiums go up, I rolled my position down by opening another spread at $305/315, collecting more premium which got combined and became a $305/$330 spread. I was not willing to give up yet, I rolled my position down to $300/$330 as Crowdstrike collapsed to a low of $303.79. Tuesday came, as I saw the proce rebound to an intra day high of $339, I decided to roll my position to $325/300 and what a relief when the price closed at $329.75.
Wish me luck today!
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- lolmei·03-13Good luck! 🍀LikeReport