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ThMar64
May 29, 2023 6:36 PM

ADP Earningstrade Summary Long

Automatic Data Processing, Inc.NASDAQ

Description

ADP Earningstrade Summary:

Entry: 2023-JAN-24
Exit: 2023-MAY-17
Days: 113
Risk: 20,000

Premiums: 410.30

ann ROI: 410.30/20,000*365/113 = 6,6%

I had to roll this trade several times.
I closed the last put option a month before expiration because the option lost 70% of its value in less than half the time.

The annualized ROI is rather low. Nevertheless, despite falling prices, I was able to book a profit in the end.
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