Since US BABA is trading around $135 now which is below my sell PUT strike price, I will likely be assigned with the 1 lot (100 shares) under my PUT contract.
While waiting for the shares assignment, I don't mind earning some extra premium.
So I entered a sell CALL contract that is OTM (out of the money) at $150 above current resistance zone & expires in April (maximum premium found on 25 April) allowing me to pocket $254.
With this pocket money on top of my sell PUT Baba which is $159, total premium from both contracts $413.
Modify on 2025-03-26 01:18
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