AI Infrastructure Put Sell, +66.76% Unrealized
The Trade:
Sold $CRWV 20260424 $72.0 PUT at $2.63. Currently marked at $0.88 — unrealized gain of 66.76%.
My View:
CoreWeave isn't hype — it's the picks-and-shovels of the AI buildout. While the market debates which AI software company wins, CRWV is already getting paid by all of them. Microsoft, Meta, and other hyperscalers need GPU cloud at scale. CRWV delivers it under long-term contracts.
That kind of contracted revenue gives the stock a fundamental floor that most high-growth AI names don't have.
Why I sold the $72 PUT:
Elevated IV = fat premium. Post-IPO volatility was priced in generously. Selling that premium while the stock found its footing was the edge.
$72 is a level I'm comfortable being assigned. If CRWV pulls back to $72, I'm happy to wheel in and own the shares. The business case at that price is compelling.
Theta doing the work. With expiry April 24, time decay is accelerating. The position is running itself.
Risk:
A macro shock repricing AI capex — hyperscaler spending cuts or a broader risk-off move — is the main threat. Position sizing was kept within my 5% per ticker rule to manage that tail risk.
Status:
Past the 50% profit target. Letting it run toward full close or expiry. Professionalism is the edge — no FOMO in, no panic out.
Not financial advice. Options carry risk. DYODD.
#CRWV #SellPut #WheelStrategy #TigerIDEA #TigerCommunity #AIInfrastructure #OptionsIncome #PremiumSelling #TigerStars #T184_Options
Modify on 2026-04-09 12:46
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