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Monday, March 8, 2021

Options trade: Palantir (PLTR) short put | How to sell put options

 Wednesday, 2/24/2021

sell -1 March 19, 2021  $23 put at $1.12

23 DTE

prob ITM 34%


Monday, 3/8/2021 (10 DTE)

I decided to buy back my short put at $1.00 and break even.  I did not like the way the stock was behaving.  With 10 days remaining, my short put still had a 57% chance of being in-the-money (assignment) at expiration.

NET PROFIT:  $10.69