RCL: collect 0.8% premium on this cash secured puts with strike at $250.
Contract expires next Fri on 28th Feb.
RCL run up had been really strong the entire year and might continue to do so as long as the US economy sustained the way it is.
While I might think it's overvalued and shorted the stock, I'm wrong 😑. The evidence is in the amount of money I'm losing on this trade and that is my single source of truth.
Selling this put is to attempt to exit the trade at lower cost basis should RCL turn around back for a small correction.
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- snixxx·2025-02-19Nice strategy, hope it works out! [Cool]LikeReport