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Showing posts with label GOOGL Nov 4 2022 $89 put. Show all posts
Showing posts with label GOOGL Nov 4 2022 $89 put. Show all posts

Tuesday, November 22, 2022

Options trading : Alphabet (GOOGL) semi-bullish trade

   GET WEEKLY TRADE IDEAS HERE.

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.