Trade of the week ending 16 August 2024: Profit +$3730
Aug 16, 2024
39 days ago sold 100 contracts Chewy (CHWY), $20 PUT at $0.38, expired 16 August. Total premium profit after fees $3730. This was an against the trend trade would have hit stops but I was actually wanting to purchase at $20 and stop was not turned on. The recent correction on 5 August found support at $20 and the option expired OTM.
