Not happy at the moment with my 5 -p240 1/19, which I had rolled up from -p235 1/12 for $4.20 (
) to profit from a possible FOMO rise towards earnings.
But the 10 -c350 and 50 -c600 jan 2025 which I sold a few days ago are doing well. Lost 20% already. Those 50 are naked, but that doesn’t worry me. I cannot see us get to 600 within a year, and even if we do have another huge run up there will be plenty of opportunities to roll up and out.
The 10 bearish put spreads 180-150 3/15 are also doing well, up 30% this week. But that is still more of an insurance against an unexpected huge drop. We need to go much lower for those BPS to start printing money.