JD: poor timing on this trade but a trade committed is a trade executed. So will be working on the damage control strategy in the coming weeks to get out of this without too much scars.
Collected $84 (1.25%) premium from these short puts with strike at $33.
Seemed like a decent strategy to collect premium only to have market turned bearish fast on US-China tariffs fears that certainly impact Chinese stocks like JD.
JD closed the week at $31.72, down 10% for the week.
As of now, the setup became in the money, will observe how to manage this trade nearer to expiry, which might include getting assignment or to roll out further to buy more time.
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- Joy34·2025-10-13It's tough to see a trade go south, but your game plan for managing risk sounds solid.LikeReport