MNDY: collect $490 (2.7%) premium on this at the money sold out with strike at $180.
Contract expires on this Friday 15th Aug.
MNDY had a sharp 30% fall after earnings. Spooked by poorer Q3 forecast guidance.
This is despite that MNDY beats its Q2 earnings and revenue so expects the market to focus heavily on the future that is slowing down.
Still, I think management might be sandbagging due to uncertainties and gave a more conservative guidance instead. The weaker forecast is only a tad lower than analyst expectations but the sell off was pretty severe.
Trying to bottom fish, but the options is now already in the money since the trade initiated.
With premium collected, breakeven at $175.10 and MNDY trades now at $174.13 so I'm slightly in the red on the trade.
Will decide what to do closer to expiry.
| Side | Price | Filled | Realized P&L |
|---|---|---|
| Sell Open | 4.90 1Lot(s) | -- Closed |
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- JoBloor·2025-08-13Great strategy! Good luck with the trade! [Cool]LikeReport