Gunners80
Gunners80
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avatarGunners80
10-03 02:44
avatarGunners80
10-02 23:00
$Alibaba(BABA)$ 1️⃣ Why am I making this trade now? Sold the shares assigned early from the $135 put. Sold another new deep in the money put at the same strike expiring in dec.  2️⃣ What’s my plan from here? To continue holding the deep in the money put to wait for the share price to rebound. Baba share price continues to be way below the average analyst price target. The downside risk seems to be less than the upside reward. Waiting to see if the support level holds this time or not. 
$UNH 20261002 350.0 PUT$ 1️⃣ Why am I making this trade now? Sold a cash secured put for UNH expiring this fri as stock price pull back to the 200day EMA support level. Looking to capture some options premium during this pullback. Choose a strike proce just at the 1 standard deviation IV move. 2️⃣ What’s my plan from here? Will look for opportunities to sell another put before earnings if premiums remains elevated and stock price remain close to the 200 day zone. If there is further dump before earnings, may also consider to sell a put into earnings if thereward to risk looks good.

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