Had the same cash secured put expiring today at 20. Hence, sell in anticipation of assignment but also eyeing for $1 gain in stock when sentiments turn better.
The current negative sentiments in market due to less rate cuts anticipated is spooking all the retail investors. Those who are heavily in profits are also exiting at this moment because of the uncertainty in policies that the new administration will implement. Expect selling to slow nearer end of this month and stabilise.
Our strategy doesn't really require the stocks to go to the moon, we'll just need it to stay flat, so hopefully it returns to the normal levels it used to be.
| Side | Price | Filled | Realized P&L |
|---|---|---|
| Sell Open | 0.89 20Lot(s) | -- Closed |
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