| Date | Account | Action | Shares | Price | Cost | Earnings | P&L |
|---|---|---|---|---|---|---|---|
| 01/20/2022 | Binck | Buy | 200 | 149.940 | -104.90 | -104.90 |
Notes:
Originally I sold 4 puts at strike 170, but today someone exercised 2 of his, meaning I had to purchase 200 shares.
Like with Renault, I keep all my options gain, but I bought for $34.000 and $119 of costs.
This means I have right now a loss of $8,000 or $40 per share.
The actual value of my shares is $13.90 for a total of $2780.
So, basically I need it to triple to breakeven.
That’s actually a bad deal and shows it’s much better selling puts below the strike rather than above. or at least that high above…
The good news is that HOOD is expected to go over $30.
So, it’s a long run game and if crypto goes nicely up, I can still win on this.
It’s not that I get a crazy loss. worst case scenario, if it goes to 0, I lose in total $8000.