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Wednesday, October 12, 2022

Options trading : Kellogg (K) semi-bullish trade

  GET WEEKLY TRADE IDEAS HERE.

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8/31/2022

sell -1 Oct 21, 2022 $67.50 put at $0.65 (credit)

  • K = $72.82
  • prob ITM = 21%
  • oversold
  • 51 DTE


10/1/2022 (9 DTE)

buy back short put at $0.15 to take profits and remove the risk

PROFIT:  $50