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Friday, September 9, 2022

Options trading : Alphabet (GOOGL) bullish trade and ROLL

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Tue. 8/16/2022

sell -1 Sep 2, 2022 $109 put at $0.22 (credit)

  • 17 DTE


Fri. 9/2/2022 (Expiration)  🠜  ROLL

Earlier in the morning, my short put traded at $0.04, but I missed it.

By the end of the trading session, GOOGL dropped to $107.88 and my short put went ITM.

I did not want to get assigned, so I ROLLED my put to the following expiration cycle.


Here is the ROLL:

buy (to close) Sep 2 $109 put at $1.31 (debit)

sell (to open) Sep 9 $109 put at $2.51 (credit)

The ROLL gave me a net credit of $1.20


I will break even if I buy back the Sep 9 $109 put at $1.42 ($0.22+ $1.20)


Fri. 9/9/2022 (Expiration)

GOOGL closed at $110.65

My Sep 9 $109 short put expired perfectly

TOTAL PROFIT:  $142