Michane
03-21

$BABA 20250321 140.0 PUT$  

Since US BABA is trading around $135 now which is below my sell PUT strike price, I will likely be assigned with the 1 lot (100 shares) under my PUT contract.

While waiting for the shares assignment, I don't mind earning some extra premium. 

So I entered a sell CALL contract that is OTM (out of the money) at $150 above current resistance zone & expires in April (maximum premium found on 25 April) allowing me to pocket $254.

With this pocket money on top of my sell PUT Baba which is $159, total premium from both contracts $413.

$BABA 20250425 150.0 CALL$  

Modified in.03-25
Winning Trades
Share your positions with us! This is a column where you can find the winning trades of our fellow tigers. There probably are a few potential opportunities that you may have overlooked.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

  • MaudNelly
    03-24
    MaudNelly
    Such a smart strategy! Love it! [Heart]
    • Michane
      Thank you! I'm still learning to pick up techniques along the way [Observation]
  • Sonsonkok
    03-24
    Sonsonkok

    Great article, would you like to share it?

Leave a comment
3
64