Shorting here after a large sell-off (crowded trade likely).....
-1 Sep21 $31 puts for $1.24 cr.
Risk: 2x cr received or continue to roll puts out, depending on rest of portfolio
Profit: 50% cr received
-1 Sep21 $31 puts for $1.24 cr.
Risk: 2x cr received or continue to roll puts out, depending on rest of portfolio
Profit: 50% cr received
Trade active
Trade has moved against me, so I'm rolling out the $31 put to Oct19 for add'l $.38 cr.Trade closed manually
I was finally able to get back to even on this trade - closed for 1.55 db. The price action is not looking great for an upside move, so just reducing risk.-124
-38
+155
= $7 winner. It's small, but it beats being wrong the entire trade and losing a R.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.