Posted by mitchell on 21st of Jun 2021 at 10:13 am
Thought I should share an educational mishap of sorts...sold 414
SPY Puts at open Fri...worked great all day; SPY closed 414.92.
Didnt close b/c thought it was far enough over to not be assigned.
AH Fri SPY dropped to around 413.6. Was assigned shares...was
ok due to oversold price and premium greater than difference.
Could have closed Puts for $0.01 during day...sometimes its
best to eliminate risk even if probability is low...
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Thought I should share an
Posted by mitchell on 21st of Jun 2021 at 10:13 am
Thought I should share an educational mishap of sorts...sold 414 SPY Puts at open Fri...worked great all day; SPY closed 414.92. Didnt close b/c thought it was far enough over to not be assigned. AH Fri SPY dropped to around 413.6. Was assigned shares...was ok due to oversold price and premium greater than difference. Could have closed Puts for $0.01 during day...sometimes its best to eliminate risk even if probability is low...