10/16/2022 Plan:
This week we return to Airbnb (Ticker: ABNB)
10/16/2022 Plan (continued):
- ABNB – Sell Oct 28 95/90 put spreads for 0.55
- Prices are as of market close 10/14/2022, 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
10/16/2022 Commentary:
This is a quick trade that assumes ABNB doesn’t plummet over the next two weeks. With earnings 3 weeks out, I’m assuming a bit less movement in the name in the near term. The market is rocking and rolling, though, so anything is possible. This is a short term play and we’ll have little chance to adjust if it quickly moves against us – unless we take on earnings, which introduces even more volatility. Still, I like the play and will put it on if available tomorrow.
Feel free to Reach out with questions on this or anything else!
10/17/2022 (No) Entry:
No trade for ABNB today as the stock shot up, as did the rest of the market. Great for our other open positions, but we’ll have to pass on this trade unless it dips later in the week. Note that ABNB is scheduled to announce earnings the week ending Nov 4 and so we’ll pass to avoid that volatile event.
