$7 Profit
ULTALong Option

Entry comments: Another over extended chart play. 2 day RSI is pegged and my own indicator is signaling a drop in price. I bought the 02/17/2023 $485 put and I sold the 02/17/2023 $480 put for $200. My max gain on this one is $300. I'm anticipating this stock going down.

Exit comments: This was a shitty trade. I broke my rules and did not stick to my plan. This was a losing trade that I saved the loss by closing the long Put first and then let the short put ride till I was in the green and then closed with a small profit. I do not advise doing this it is way to risky.


  • Total Views26
  • Position Size1
  • Percentage4%
  • Option TypePUT
  • Strike480485.0
  • Expiration2/17/2023
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