FREE OPTIONS TRADING LESSONS HERE.
10/31/2022
sell -1 Nov 4, 2022 $89 put at $0.22 (credit)
- probability ITM (assignment): 11%
- GOOGL: $94.55
- 4 DTE
11/4/2022 (expiration) 🠈🠈 ROLL
buy (to close) 1 Nov 4 $89 put at $3.64
sell (to open) -1 Nov 18 $89 put at $4.69
net credit: $1.05
Total credits received so far: $1.27
NOTE: I rolled my Nov 4 $89 put because I changed my mind regarding assignment. I just wanted to give my trade two more weeks of time and collect another credit.
11/10/2022 (6:30 am, PT) 🠈🠈 8 DTE
buy back Nov 18 $89 put at $0.84 (debit)
NET PROFIT: $40.35
NOTE: I decided to buy back the Nov 18 put because I wanted to close the trade before expiration and walk away with a small profit. The Universe gave me a second chance (i.e., GOOGL rose) so I took it.
