This lot of underlying was just assigned today after the Cash Secured Put while did not expired in the money yesterday, but the aftermarket Was very bearish. Have took the decision to let the CSP sit out and let the system decide if there were any assignments- and assignment there is.
With the underlying in hand, immediately have sold a covered call when market opens. The IV was crazily high, over 55% that is. Manage to sell a good strike out and still collect a juicier premium than usual.
Now market closes value is below my strike here by just couple of cents - while post market bullish momentum continues. With the post market value now exceeding my strike (at point when writing this post) shall again let the system decide if this lot of underlying gonna be called away. Am fine either way, as the underlying is already in profit. Let's see. 💪
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- MarsBloom·2025-10-18Impressive strategy! Can't wait to see the outcome! [Cool]1Report