$629 Profit
METALong Option
PREETrading

FRD move. Bought 5/24 $475 puts as it seems like it was about to have a FRD after 7 GDs in a row without consolidation, just straight UP. It seemed like it was squeezing towards the close so I decided to hedge my puts position with the same 5/24 $475 calls to see how it would open on Monday 5/13 and sell the loser at open and depending on price action let the winner run. Sold both positions at open instead for a net profit of $185. *PUTS PLAY*

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Broker:ETrade
DatePrice
Entry5/10/20249.70
Exit5/13/202416.00
  • Total Views4
  • Position Size1
  • Percentage64.95%
  • Option TypePUT
  • Strike475.0
  • Expiration5/24/2024
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