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Wednesday, March 9, 2022

Option trade : Dow Jones Industrial Average ETF (DIA) bullish trade

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Thu. 6/17/2021

sell -1 July 16, 2021 $320 put at $1.29

  • prob ITM: 15%
  • DIA = $338.81 (-1.95)
  • oversold
  • 29 DTE


Fri. 7/2/2021

buy back short put at $0.10

NET PROFIT:  $117.68 (15 days)


Reasons for closing trade:

  • take profits
  • avoid assignment
  • overbought
  • 14 DTE
  • DIA = $348 (+1.80)