FREE OPTIONS TRADING LESSONS HERE.
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
