FREE OPTIONS TRADING LESSONS HERE.
9/21/2022 (12:03 pm, PT)
sell -1 Sept 23, 2022 $101 put at $1.00 (credit)
- prob ITM: 39% (a bit high)
- GOOGL = $102
- 2 DTE
- FOMC press conference at 11 am, PT
9/23/2022 (expiration) (ROLL #1)
roll Sept 23 $101 put to Sept 30 for $1.00 (credit)
9/29/2022 (1 DTE) (ROLL #2)
roll Sept 30 $101 put to Oct 7 for $0.72 (credit)
NOTES: I decided to roll on Sept 29 (1 day before exp) because my "extrinsic" value was getting too low and I did not want to get assigned.
10/7/2022 (expiration) (ROLL #3)
roll Oct 7 $101 put to Oct 14 for $1.12 (credit)
10/14/2022 (expiration) (ROLL #4)
roll Oct 14 $101 put to Oct 21 for $0.65 (credit)
TOTAL CREDITS RECEIVED SO FAR: $4.49
10/21/2022 (expiration)
buy back the Oct 21 $101 put at $0.10 and take PROFITS!
PROFIT: $439 (in 4 weeks)
Side note: GOOGL closed at $101.13 on Oct 21 (so close . . .)
