1/12/2020 Plan: DIS – Sell 17 JAN 143/141 put spread for 0.40 credit
- We sell the 17 Jan Disney 143/141 put spread for 0.40 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 1/10/2020, 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
1/13/2020 Entry: Sold 17 Jan 142/140 put spread for 0.24 credit. With another Monday dip in Disney, we were able to capture a nice credit at lower strikes
1/17/2020 Exit: The put spreads expired worthless, capturing the entire credit:
- 0.24 earnings on 1.76 of risk per spread for a 13.6% return
- Another nice trade this week taking advantage of a dip at the beginning of the week and sell lower strikes.
