04-27-2021, 11:28 AM
Sold a May GNRC put at strike 320. I've been waiting for it to hit 300 where I used to sell puts. No such luck and this is a high conviction pick for me. I'll just have to take my $950 premium for now.
Sold yet another VSTO 30 put pre earnings. May sell one more and that's the lmit. They still can't catch up with gun ammo demand and this trade keeps working. They sell quality outdoor gear as well and I expect them to blow away earnings the next few quarters. That's been my thesis since last summer. I'll come clean and admit it here when it finally come up short. Wish I had just bought 1000 shares long instead but I took the conservative route so I couldn't get hurt much if they stumbled for a quarter.
Sold yet another VSTO 30 put pre earnings. May sell one more and that's the lmit. They still can't catch up with gun ammo demand and this trade keeps working. They sell quality outdoor gear as well and I expect them to blow away earnings the next few quarters. That's been my thesis since last summer. I'll come clean and admit it here when it finally come up short. Wish I had just bought 1000 shares long instead but I took the conservative route so I couldn't get hurt much if they stumbled for a quarter.