One stock I have been watching and doing a very poor job of trading is PAYC. I watched their new campus in OKC grow from 1 building to 4 plus a big parking garage.
I don't know what happened on Sep 5, but it was a great buying opportunity and a smaller one on Sep12. I woke on the 13th and decided I wanted to do something to at least maybe make a little out of whatever run was left in this stock. So I sold a 160 put with a Sep21 expiration (8 days). Credit was 1.87, which puts my purchase price of PAC at 158.13 if it comes to that, which I would love to do.
I probably should have put on a credit spread, but spreads are just so hard to set up and then manage. I did a lot of spreads earlier in the year and learned a lot about what to do and not to do. This is my first trade of late, but I am always thinking about the strategy of spreads and selling puts/calls.
After watching the Tasty Trade video I just posted, another video started on selling naked puts. And then I watched a second one. I will not waste my time giving any details, but if you have any interest in trading naked puts, I highly recommend the videos. Some interesting facts came out that I would have never guessed concerning how long to hold a position.
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