
Entry comments: 3 month out Put contract on CVNA. I know I tried this once before and lost but I think the time has come to try again. Only 1 contract starter and only willing to add one contract around $2. 2 contracts total for this trade. Keeping it small because I already had a several hundred dollar loss trying this a few months ago. This time it will be $500 risk, letting it ride until the stock price hits $20 or the contract nears expiration.
Exit comments: I bought and sold at several points across the past few weeks so I had to calculate the numbers a bit. Today I meant to sell 2 more contracts but closed the last 4. I'll definitely be adding more puts into the next dead cat bounce. And I covered a lot of my short position today around 34 but still holding 75 shares and will add into the next dead cat on those also.
| Date | Price | |
|---|---|---|
| Entry | 8/28/2023 | 2.07375 |
| Exit | 10/12/2023 | 2.7375 |
- Total Views51
- Position Size8
- Percentage32.01%
- Option TypeCALL
- Strike30.0
- Expiration11/17/2023