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Wed. 2/9/2022
sell -1 April 14, 2022 $10 put at $1.61
- probability ITM (assignment): 48%
- UVXY = $12.415 (-.675)
- oversold
- 64 DTE
Fri. 2/25/2022
Close the trade and take profits
bought back short put at $0.38
NET PROFIT: $121.68
Reasons for closing trade:
- take profits!
- UVXY is now overbought
- we've achieved our goal
- the put still has a 19% probability of assignment
- UVXY = 16.47
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