1/5/2020 Plan: DIS – Sell 17 JAN 143/141 put spread for 0.34 credit
- We sell the 17 Jan Disney 143/141 put spread for 0.34 credit. Intent is to go to expiration, will remove early with a big move up on DIS. Ok with taking shares if DIS expires between 143/141.
- Prices are as of market close 1/3/2020, actual fill and strikes may differ depending on Monday open, post will be updated accordingly
- All trades are for educational purposes and do not constitute advice
1/6/2020 Entry: DIS Sold 10 Jan 143/141 put spread for 0.39 credit. Move down on Monday allowed for weekly entry and more of a credit!
1/7/2020 Exit: DIS bought 10 Jan 143/141 put spread for 0.10 debit, results:
- 0.29 earnings on 1.61 of risk per spread for an 18% return
- This trade worked out well, allowing us to take in more credit early and get out early on a nice move up!
