Posted on November 11, 2020
Today we shut down our Tractor Supply (TSCO) adventure that was opened May 21st and whose details can be found here.
Our current position is as follows – we have a debit on the trade of $13.30, and an open, long November 20th 155/135 PUT spread.
The long 155 PUT is worth $24.70 and the short 135 PUT trades at $7.10.
Sell the former, buy back the latter and you take home $17.60 on $13.30 spent.
That’s a juicy 32%.
If you hold through next week’s expiry, you may well pocket the full 20 bucks on the spread.
Or, you may not.
Our SAIA trade, all the details of which can be found here, recently saw our protective STOP buy order triggered at $152.50. In order to keep the trade square, we now have to set a STOP sell order for those same shares at the same $152.50.
Please see to it.
We opened a FIZZ trade on September 2nd, the details of which are located here.
To sum it, we currently hold a long November 20th 75 PUT that we’re choosing today to roll out to the December expiry.
Sell it for $1.00, and buy the December 18th 70 PUT for $2.25.
In so doing, we raise our debit on the trade to $14.95.
The Holy One is good and does good.
Alan B. Harvard