Trade of the week ending 29 November 2024: Profit +$3697
Nov 29, 2024
38 days ago sold 500 contracts Nio (NIO), $4 PUT at $0.08, expired 29 November. Total premium profit after fees $3697. Not a recommended trade (as I had same stock expire last week) but it was an opportunity to build a position in Nio at $4. Price stayed fairly clear of $4 strike so just kept premium.
