I am catching up with my trade documentation after being on holidays for a few days...
I sold the #XBI (#BiotechETF) put option betting on the price to move higher.
The stats
Trade Type: Short Put
Strike: $77
Expiry: 20 Jan
Delta: 37
IV Rank: 21.7
Premium: $2.44
Cap Req: $1358
Annualised Prof at Expiry: 205%
Let me know what you think.
Perfect winner!
Closed at $1.11 for an annualised profit of 357%.