RCL: take profit. About 92% of maximum potential premium had been collected and stock is trading at $308 which is $8 higher than strike at $300.
With less than 3% margin of error and approaching expiry, decided to take a good profit versus forking out $30k to buy in the 100 shares should RCL trades lower than $300 by end of Fri 8th Aug.
Will be selling new put to replace this one, probably at lower strike to restore some margin of safety while still be able to collect some premium along the way.
| Side | Price | Filled | Realized P&L |
|---|---|---|
| Buy Close | 0.45 1Lot(s) | +92.12% Closed |
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
- BonnieHoyle·08-08Smart moveLikeReport