$MU 20261023 995.0 PUT$ sharing to collect coins and this is a distorted sharing just to laugh at my myself.
Glad to be setting risk defined bull out spread setups instead of my usual selling cash secured puts.
MU broke below my strike in rapid movement and will most likely ended up taking max loss since it only trades at $878 on Fri close versus my strike at $100.
In short, it had dropped $200 off from the time I setup this trade.
Part of losing when setting up bullish trades in a bearish market but glad that my losses are contained within the strike spread of my setups.
Still painful, but manageable.
The is only 1 side of the long call setup.
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- puffyxx·13:42878 close still leaves a lot of time value here. With that much time left, theta probably does more work first than intrinsic, no?LikeReport
- AL98·11:54Power, congrats.LikeReport