This is a catch up post as I did not have the time to write it earlier.
Given that Google after yesterday continued falling today I doubled down by buying a Jun $100 call hoping that the price will bounce back up.
The stats
Trade Type: Long Call
Strike: $100
Expiry: 16 Jun
Delta: 46
IV Rank: 50.5
Premium: -$6.3
Cap Req: $630
Annualised Prof at Expiration: ?
IMPORTANT: Studying previous trades provide the opportunity to everyone to learn a great deal so I encourage you to click on the links below and digest the info.
Closed:
https://www.tycoonitos.com/community/market-comments/daily-trades-20230111
Rolled:
None
This trade took place on 15/Feb:
As GOOGL kept going down after I opened this trade, it was a relief to finally see an upwards movement.
Sold The Feb 24 $100c for $0.76 credit.
Current position: short Feb 24 $100c; long Jun $100c
Total credit: -$5.54