06-22-2022, 07:59 PM
Anatomy of a bad trade. My final single name option trade, indices only going forward. Too much risk w/single name.
June 1 MO is $54, sold a 52.50 put figuring it will hold up going into dividend. Not so much, it tumbled and got assigned, price at the time was 45. Not good, not horrible, I'll hold it and sell call(s). Sold a 47.50 call, total collected premium from put and call was around $1.40 so I'll continue to fight, it was small(thankfully) size.
FDA comes out today and FLUUUUUUUSH.
Final lesson, well learned.
Good luck to all.
June 1 MO is $54, sold a 52.50 put figuring it will hold up going into dividend. Not so much, it tumbled and got assigned, price at the time was 45. Not good, not horrible, I'll hold it and sell call(s). Sold a 47.50 call, total collected premium from put and call was around $1.40 so I'll continue to fight, it was small(thankfully) size.
FDA comes out today and FLUUUUUUUSH.
Final lesson, well learned.
Good luck to all.