Trade of the week ending 18 October 2024: Profit +$3331

#tradeoftheweek Oct 18, 2024

39 days ago sold 25 contracts Enphase (ENPH), $80 PUT at $1.34, expired 18 October. Total premium profit after fees $3331. ENPH was in a technical downtrend but showed support at $95 so a $80 strike price should be safe and it was.