FB : Just a trade
Updated
Sold a put this morning at the 150 strike for 1.22 credit after an earnings report sent FB tumbling. I will look to treat this as *a trade only* and close at 2X the credit collected as the loss (not sure how I can really control that if it gaps though). With 57 days and an I.V. rank of 63% I am hoping the 10 delta put will be a safe play.....although it was just around the 150 level not that long ago. Wish me luck!
Trade closed manually
Bought back my short 150 put for .72 this morning for a .50 fiddy cent winner or 40% in one day. Can't complain and glad I pinched my nose to long FB. Trade closed.
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