11/21/2021 Plan:
This week we look at airbnb (Ticker: ABNB)
11/21/2021 Plan (continued):
- ABNB- Sell the Dec 17 170/165 put spreads for 0.48 OR
- ABNB – Sell the Dec 17 175/170 put spreads for 0.73
- MARA – Sell the Dec 17 30 put for 0.40+
- Prices are as of market close 11/19/2021, actual fill and strikes may differ depending on Monday’s open, post will be updated accordingly.
- All trades are for educational purposes and do not constitute advice
11/21/2021 Commentary:
I am quite bullish on airbnb long term. Their fees are Not low, yet I keep going back to them for our family vacations as the service is top notch and having a house is much more convenient than a hotel room for many trips. It has been VERY volatile since earnings, though, and I would prefer to see the name settle down a bit before placing this trade. I may end up passing on this trade depending on market dynamics.
By popular demand, I’ve added a trade with crypto exposure. The put gets us long MARA Well below where it is currently trading. Any crypto $ should be ones you are willing to part with given the newness of the ‘industry’.
Feel free to Reach out with questions on this or anything else!
11/22/2021 Entry:
Big sell off in ABNB. Pass for most traders until it stabilizes. For higher risk, I sold 155/150 Dec 17 put spread for 0.48. MARA Dec 23 30 put for 0.43.
11/27/2021 Entry:
Down some on the ABNB put spreads. Very volatile market on Friday with a big sell off, hold on the trade for now.
No change to the MARA trade – we’re about $20 out of the money and have 4 weeks to wait.
12/5/2021 Update:
We are down a bit more on the ABNB put spreads. We still have about $11 of room before our short strike and I intend to hold through this week. I would reconsider if ABNB drops to our short strike (either closing or rolling the position). Another consideration would be ABNB bounces up and the trade becomes quite profitable, there may be an opportunity to close Friday.
Big sell-off in MARA and other BTC related names. We’re still about $11 out of the money and I don’t intend to close this week. I am ok with adding shares of MARA at $30 to have some BTC exposure in my portfolio. ANY money directly in crypto or crypto related names should be part of your ‘speculative’ portion of your portfolio. That’s a fancy way of saying don’t be upset if it goes to 0…
12/12/2021 Update:
The ABNB put spreads are down to 0.11, creating a nice profit on those spreads. I will be looking to take them off for less than 0.05 and if ABNB stays fairly high, I may let them go into expiration on Friday.
We are a tiny bit profitable on the MARA puts with expiration next Friday. This is a very volatile and speculative name and if it continues to move, I wouldn’t expect it to decay much more until at least the end of this week. If there is an opportunity to close cheaply, I would take it.
12/19/2021 Update/Partial Close:
The ABNB put spreads expired worthless bringing in 0.48 per spread.
The MARA puts expire this week and we are down on the position. We are over $4 away from our short strike, however, so if we maintain this level the position will swing to profitability later this week. I do intend to hold until Friday. If it falls to 30, I will consider rolling. I’m also prepared to take shares.
12/24/2021 Close:
With a Big move up on Thursday, the MARA puts expired worthless, ending about $8 out of the money. This brings in $43 of profit per put sold to our accounts and closes the last position from this week’s worth of trades.
