RDDT: phew, dodged a bullet but only on the trade with a 53% of maximum premium collected on an otherwise losing trade.
At the early session on Fri 10th Oct, RDDT trades for the 1st hour above $210 which was my strike price.
RDDT price movement were bearish since gapping down on 1st Oct and was glad they was a moment of bullishness for Thurs close and then Fri opening hour.
That was the only sweet spot to take profit on this transaction.
RDDT ended up closing at $198.55 which meant my short put will be assigned with a $11.45 per share paper loss.
While I won't mind getting assigned, being assigned that deep in the money and holding a paper loss certainly is not the better choice compared to closing the trade with a profit and margins intact.
| Side | Price | Filled | Realized P&L |
|---|---|---|
| Buy Close | 1.65 1Lot(s) | +53.88% Closed |
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
- AthenaVeblen·2025-10-13Tough breakLikeReport