NaughtyPines

OPENING: GPRO OCT 21ST 13 SHORT PUT

NASDAQ:GPRO   GOPRO INC
Here, I'm just trying to suck in a little bit of premium without being all in on the stock ... . (Filled for a .64 ($64)/contract credit).

As usual, I'm selling the strike nearest 30 delta.

I'm fine with getting assigned at 13 (after which I'd proceed to sell calls against), but would naturally prefer cheaper, so will keep an eye out for opportunities to roll down and out for credit and duration if I get a shot at it. Naturally, the Oct             21st expiry is around earnings , so that's something I'll have to keep in mind ... .

Comment: Price appears to be slumping into my short put. I'm naturally keeping an eye on it and will look to roll down and out when the value of the credit for the option is equal to twice what I got for it ... . Otherwise, no touchee. Of course, I want to be put the stock for as cheap as I can get it.
Comment: Rolled Oct 21st 13 short put to Oct 28th 12.5 short put for a .05 ($5 debit). If I'm going to get put this bugger, I want to start out with price being as close to my short put strike as possible. I looked at rolling it down and out to a 12 strike, but would have had to roll it out too far in time or pay a larger debit than I would like for strike improvement.
Trade closed manually: Covering this today for a .34 ($34)/contract debit; net profit: $20 and change per contract. My original intention was to either keep the entire premium and/or get put the stock at 12.5, but I want to flatten out a bit here in October, since I have jury duty the entire month (ugh) and may not have time to watch it.
Ideas Scripts Chart
United States
United Kingdom
India
España
France
Italia
Polska
Brasil
Россия
Türkiye
Indonesia
日本
한국
Home Stock Screener Forex Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Account and Billing Sign Out