Just another trade. Need some + delta and selling a put on an earnings miss has been my "Bread-n-Butter" trade since I first learned anything about options. (Yes I have only traded in this bull market) It looks like there is good support under there and with volatility in my favor I should be able to scratch this without too much trouble as long as it doesn't shoot into the ground. I have traded SHOP before in the past so if worse comes to worse I will get assigned the shares (when rolling is exhausted) and write calls on it. This is cash secured as I never trade on margin.....just an F.Y.I.
Trade chiuso manualmente:
Bought to close this put for 1.10 today for about fiddy bucks in two days is good enough for me. Will try to continue to making trades but the one that takes me on the deep dive makes all the small quick wins seem like nothing.