JETS ETF Bullish inclined naked Puts - 19 Mar expiry
As the Primary trade, this is aligned to the larger market direction and is deemed less risky. I'm bullish inclined for JETS as it is considered one of the COVID19 recovery sectors. The strike is also at a resistance point of the range
Overall the market seems to be bullish especially after the US inauguration.
Sold 200 Puts @ 0. 36 Strike 21
BP block: 48k
Max gain - est $7057.54 (Minus comms)
Once my Feb JETS options expire, I will add on to this position
Overall the market seems to be bullish especially after the US inauguration.
Sold 200 Puts @ 0. 36 Strike 21
BP block: 48k
Max gain - est $7057.54 (Minus comms)
Once my Feb JETS options expire, I will add on to this position
Comment:
Sold 130 Puts @ 0.35 Strike 23.5
BP Block 36K
Premium Collected $4,335.5
BP Block 36K
Premium Collected $4,335.5
10.86% from Strike