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GreedyAgorist

09/18/20 5:58 PM

#44 RE: BottomBounce #42

Have not traded diamond puts in a while. Been playing volatility directly, usually by selling spikes, but today just to be different, after getting my short and long term puts set, I bought a call, expiring same day. Sold it quickly when it got in the money for enough to cover my put premiums. Good thing as it dropped below the strike price. Meanwhile I had a put at that same strike, also expiring before sundown. Had to sell that for a bare minimum profit in the last minute.

Normally being in the money is a good thing, but I was not interested in selling 100 shares. Sometimes the market is down on Mondays.