RDDT: collect 3.75% premium from this cash secured put with strike at $132.
Contract expires in 2 weeks on 1st Aug.
Better premium as the contract span into earnings scheduled for 31st July.
So far stock had retraced slightly from its peak at $164.55 to settle at $145.80 at last closing.
This price is settling at support between the 20 days MA and 150 days MA convergence and its holding up well for the past 2 weeks.
If it falls, the 200 days MA are at $135 and that will also be providing good temporary support.
Of course all won't matter if the earnings are poor or beat and a new baseline will be formed.
Will be looking for a bullish earning and potential move up but then earnings event ate always binary outcome.
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- quixi·07-23Great strategy with the cash secured put! [Cool]LikeReport