Bought 100 BMY May 6th $75 puts. Will add for each $1.00 increase.
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Added 25 more puts this morning
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Added 50 more puts today
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Sold short -1,000 shares @ $77.00
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Added 65 more puts this morning
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Sold short -200 shares @ 78.00
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I bought to cover 1200 shares for a measly $575 profit. I still have 225 puts
Trade closed manually:
Closed out position on drop this morning. This was a HUGE win because I was down $20k at one point. Locked in a nice profit! Puts expire in 2 weeks so I took the exit