| Date | Account | Action | Shares | Price | Cost | Earnings | P&L |
|---|---|---|---|---|---|---|---|
| 01/20/2022 | Binck | + Put | 2 | 3.28 |
Notes:
Markets are way down and AEX is again below 770.
Many shares lost over 10% and I think it’s a good opporutnity to start with the ING strategy for US stocks for Jan 2023.
The objective is to make a portfolio with each a maximum risk of €5K.
That way, normally one win should protect for two losses.
Moreover, I have the protection in case it goes down and then up.
While it didn’t succeed well with Renault, timing for 2021 wasn’t that great.
Sold at $14892.75
Note 20-01-22: Originally sold 4 puts, but today someone exercised his, meaning I had to purchase 200 shares.
Like with Renault, I keep all my options gain, but I bought for €34.000. This means I have right now a loss of $8,000 or $40 per share.
I have to sell at around $40 to be breakeven. That’s actually a bad deal and shows it’s much better selling puts below the strike rather than above.