Friday's trading session presented a unique challenge, with three positions set to expire on the same day. Despite the complexities, I effectively managed the situation to secure favourable outcomes.
Firstly, I closed $GRAB 20250221 4.5 PUT$ option, generating a modest profit. Notably, this trade marked one of my initial attempts at rolling a put option, demonstrating the effectiveness of this strategy.
Next, I closed $SOXL 20250221 24.0 PUT$ option, yielding a satisfactory profit. This position originated from the DeepSeek saga, which saw $NVIDIA Corp(NVDA)$ plummet 16%. By capitalizing on the ensuing volatility, I successfully navigated this trade.
Lastly, I rolled $CONL DIAGONAL 250321/250221 PUT 32.0/PUT 34.0$ option. Initially sold last week following the earnings-driven dip in$Coinbase Global, Inc.(COIN)$ , this roll enables me to maintain exposure while prudently managing risk.
Despite the Nasdaq's 2.2% decline, I'm pleased with the day's outcomes. This experience serves as a valuable reminder to avoid concentration of expirations in the future, ensuring more effective trade management.
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