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Wed. 6/23/2021
sell -1 August 20, 2021 $57.50 put at $1.20
- prob ITM: 37.58%
- oversold
- 58 DTE
- earnings release on June 30 before market open
Wed. 8/11/2021
buy back short put at $0.20
NET PROFIT: $98.67 (49 days)
Reasons for closing trade:
- take profits
- avoid assignment
- 9 DTE
- stochastics at 47
- GIS = $58.81
- prob ITM: 16%
NOTE: On August 20, 2021 (expiration), GIS closed at $60.30.
