FREE OPTIONS-TRADING LESSONS HERE
1/11/2022
sell -1 Feb 18, 2022 $105 put at $1.00
- oversold
- 38 DTE
- prob ITM = 25%
- VNQ = $110.48
2/18/2022 (expiration) <--- ROLL for a credit of $1.30
buy back the Feb 18, 2022 $105 put at $2.82 (debit)
sell (to open) -1 March 18, 2022 $105 put at $4.12 (credit)
3/3/2022
buy back the March 18 $105 put at $2.00 to remove the risk
The trade was heading in the wrong direction
NET PROFIT: $27.35
- 15 DTE
- VNQ = $104.90
- prob ITM = 53%
