(Net Loss of $630) Day after Thanksgiving Trade Journey #5



Happy Thanksgiving people.


As the market is short on Thanksgiving day, I decided not to pursue a trade. However, the market was going great that morning, I decided to place a couple of trades before the bell ring.


On 11/25/20, news came out that Salesforce will be purchasing the slake. Generally when M&A happens stock goes up. So I decided to last-minute buy for the Slake (WORk). I know it will be the deep out of the money since the volatility will be implied since the great news hit. I generally sell put but purchased the call. I was expecting to move higher fast, so far the stock has gone up since I purchased. Salesforce announced today that they will be announcing of purchase of the Slake market close to tomorrow. By then I will know what will be the actual purchase premium that Salesforce paid.


On 11/27/20 I have sold Square (SQ) and ETSY (ETSY). Both are a strong company highly liquid stock to trade selling options as well. Since the sold, ETSY has moved massively, from $150 to $160.


Closed Trade:

TSLA: 6 Nov 27 585/590 Call Vertical P 0.35 closed @ 1.4


Net Realized Loss: $630

Open Trade:


WORK: 5 Dec 20 40 Call @ 3.2051

SQ: 10 Dec 4 195/200 Put Vertical @ 0.8696

ETSY: 10 Dec 4 147/150 PutVertical @0.9796



Current Position:


WORK: 5 Dec 20 40 Call @ 3.2051

SQ: 10 Dec 4 195/200 Put Vertical @ 0.8696

ETSY: 10 Dec 4 147/150 PutVertical @0.9796


TSLA: 105 shares

======================================================================= #sellingPut #optiontrade #sellingput #putvertical #PutVertical #trading #stock #option

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I am not a financial advisor. Any trades listed are my own personal trades and meant for educational purposes only.
Option trading bears high risk and high return strategy for trader. 


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