BOIL Trade Recap

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BOIL Trade Recap

RipcordLoki
2023-01-11

Tue Jan 10

I shorted the Jan13 12 puts last Thur at an average price of 1.00. The stock was trading in the 12.50 area. Kicked out the trade yesterday at 0.30 for a .70 profit (out of a potential maximum of 1.00). I like these naked short-term put trades because of the forced time decay. Note that the stock is currently trading around 11.50 (one point lower than Thur) and the options are 1.00 bid. That’s an 8% adverse stock move with no change in the options. Another way to look at it, is that those few days provided a nice margin of error to re-evaluate the trade and exit without much pain. If I had not taken them off yesterday, I would have kicked them out for a scratch today.

Good trading!

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.

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Chris82
·2023-01-11
Ok
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Joshua87
·2023-01-11
liked
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Mivec
·2023-01-11
👍
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MM2021MM
·2023-01-11
。
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Hymh
·2023-01-11
okk
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zhangtony22
·2023-01-11
[Thinking]
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sathi
·2023-01-11
ok
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T33
·2023-01-11
ok
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QSL
·2023-01-11
ok
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AnaiAnai
·2023-01-11
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