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Thursday, November 19, 2020

Options trade: How to sell put options | MGM (MGM)

Mon. 11/16/2020 (12:56:10 pm, PT)

sell (to open) -1 Nov 20, 2020  $27 put at $1.06

Stats:

  • probability ITM:  66.40%
  • MGM at:  $26.40
  • stochastics "overbought"
  • 4 days 'til expiration (DTE)


Wed. 11/18/2020 (10:52:23 am, PT)

buy (to close) short put at $0.23

Stats:

  • MGM at $27.60
  • stochastics "overbought"
  • 2 DTE

NET PROFIT:  $81.68