$WBA 11DTE SHORT PUT 10% profit target #WBA #options

2 ott 2023

10% TP for my cap in 10 days? It's good....
Any kind of naked PUTs on big instrument are my favorite at high IVR with divergence.
My choice for today: Walgreens Boots Alliance Inc.

Reasons:
- RSI is already oversold with big divergence
- breakeven point is little close, but allowed loss ($50 max) is manageable


SETUP:
NAKED PUT for WBA, because IVR is high, for 0.7cr
* Sell 2 WBA OCT13 '22 PUT

Max profit: $152
Probability of 50%Profit: 72% (TP: $95)
Profit Target relative to my Buying Power: 10%


Req. Buy Power: $1035 (max loss without management before expiry, no way to let this happen!)
Tasty IVR: 84 (very high)
Expiry: 11 days

SOLD OCT13'22PUT @ 0.76cr

11 ott 2023

Trade chiuso: obiettivo raggiunto

Closed for 0.25db each.
Target reached, exit before event.

11 ott 2023

Nota

collected $97 on this position in 9 days. 10% of req. buying power