Trade of the week ending 17 May 2024: Profit +$3135
May 17, 2024
(NB: No expiries from last week) 36 days ago sold 667 contracts Nio (NIO), $3 PUT at $0.05, expired 17 May. Total premium profit after fees $3135. This was an against the trend trade but was wanting to pick up some stock at $3, but it started to shoot up and just kept the premium.
