Finally a bit of rally and a drop in VIX. I used this move to roll down some of my calls that I failed to roll enough earlier.
So what's my trade for today?
#WDC (#WesternDigitalCorp). In less than a month it dropped nearly 20% and is trading near a solid support line so I thought a $35 naked put would be a good one. Obviously I am banking on a bit of a bounce back.
Trade Type: Short Put
Expiry: 19 Aug
IV Rank: 53.6
Cap Req: $355
Annualised Prof at Expiry: 153%
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.
Let me know your thoughts.
Another beautiful winner!
Closed at $0.48 for an annualised profit of 428%.