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Sunday, June 19, 2022

Options trade : General Mills (GIS) earnings play

 GET WEEKLY TRADE IDEAS!

FREE OPTIONS-TRADING LESSONS HERE


6/29/2021

sell -1 July 16, 2021 $60 put at $1.51

  • oversold
  • 17 DTE
  • GIS = $60.03
  • Prob ITM = 52% (high!)  <--- taking advantage of "volatility crush"
  • earnings on June 30 (before market-open)  


7/15/2021

buy back short put at $0.50 to remove the risk

NET PROFIT: $99.68