Selling our PDD and ROKU put contracts.
After a sharp drop, speculative stocks are a bit oversold. The probability of a rebound is increasing.
We’ll close both of these positions out after locking in very large gains. We may re-enter put positions after a bounce, but for now the risk-reward balance is shifting against these positions.
- Selling (to close) our PDD January 21st $65 Puts.
- Limit $12 or more.
- 14:51 Executed
- Sold PDD Jan 21st $65 Puts @ $12.24
- Selling (to close) our ROKU January 21st $230 Puts.
- Limit $31.50 or more.
- 14:52 Executed
- Sold ROKU January 21st $230 Puts @ $31.75