| Date | Account | Action | Shares | Price | Cost | Earnings | P&L |
|---|---|---|---|---|---|---|---|
| 01/21/2022 | Binck | + Put | 2 | 3.28 |
Notes:
Ok, so this is complicated.
On JAN 21 some schmuck exercised his 2 Long puts forcing me to buy 200 shares at $80.
I then decided to directly sell them with a loss, knowing that my options are covering for this.
At the end of the day I end with a win of $905 which is a total disappointment.
Because of course last week the markets had to bleed. Talk about shitty timing.
Same as with SAVA, I should have closed it much earlier.
Also, another learning point, if you have naked puts or calls, if you’re in the money, be sure to close earlier or someone will exercise it.
Instead of putting the transactions of me buying and selling the shares, I decided to put the loss in the closing put transaction.
Bought my shares for $16056 and sold for $8191, which means a loss of $7865 or €6929. On the other hand I received $8160 for the short puts.