$250 Profit
NIOShort Option
Chopper_Trader

This was a vertical spread. I sold the $40 put for $1.66 and bought the $30 put for $0.16 cents where I sold the spread ( short ) for $1.50 and then bought it to close for $0.25 cents. I could have rode it further all the way till expiration but anytime I am at 75% profitable in any spread I close the position for the risk outweighs the reward at that point.

000

DatePrice
Entry12/29/20201.50
Exit1/4/20210.25
  • Total Views29
  • Position Size2
  • Percentage83.33%
  • Option TypePUT
  • Strike40.0
  • Expiration1/15/2021
Proof
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