Trade of the week ending 7 June 2024: Profit +$2696

#tradeoftheweek Jun 07, 2024

38 days ago sold 168 contracts Coinbase (COIN), $130 PUT at $1.70, expired 7 June. Total premium profit after fees $2696.  This was actually one day before earnings and price would have to drop 35% to be ITM.  Good premium and price went up so trade was very safe.