X - US Steel

Shorting here after a large sell-off (crowded trade likely).....

-1 Sep21 $31 puts for $1.24 cr .

Risk: 2x cr received or continue to roll puts out, depending on rest of portfolio
Profit: 50% cr received
Trade active: Trade has moved against me, so I'm rolling out the $31 put to Oct19 for add'l $.38 cr.
Trade closed manually: I was finally able to get back to even on this trade - closed for 1.55 db. The price action is not looking great for an upside move, so just reducing risk.


= $7 winner. It's small, but it beats being wrong the entire trade and losing a R.
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