RCL: collect 1.9% premium on this cash secured put with strike at $300.
Contract expires in 5 weeks on 8th Aug.
Had accumulated this extra short positions when the short call with strike of $300 expired kn the money last week so this trade is setup to buy back the shares at same pricing to nett off the trade.
Priced about 10% market price, RCL will need to drop about 10% in the coming month for me to have a chance to do so. Might go lower, but then I will adjust the trade accordingly
| Side | Price | Filled | Realized P&L |
|---|---|---|
| Sell Open | 5.80 1Lot(s) | -- Closed |
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- jinxie·07-08Seems like a solid strategy. What adjustments are you considering if it drops further?LikeReport