Selling our FIVN put contracts.
FIVN reported earnings that beat expectations and sent the stock higher. Thankfully, by using our speculative option strategy, we bought puts that retained some of their value even as shares of FIVN pushed above our $265 strike price. That helps to mute some of our losses which can be recycled into trades that gain momentum in our favor. Selling the FIVN puts to manage risk and free up capital for new plays.
- Selling (to close) our FIVN December 17th $165 Puts
- Limit $8.00 or more
- 15:35 Executed
- Sold FIVN Dec 17th $165 Puts @ $9.10