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Monday, December 20, 2021

Options trading : Kellogg (K) short put trade, 12/17/2021 exp | $87.36 profit

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Wed. 10/13/2021

sell -2 Dec 17, 2021 $57.50 puts at $0.85

  • prob ITM: 27%
  • K = $61.69
  • oversold
  • 65 DTE


Wed. 11/3/2021

buy back both puts at $0.40 

I wanted to close this trade and protect my profits prior to the earnings release on 11/4 a.m.

NET PROFIT:  $87.36


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