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July has been busy, another trade opens

  • Dan
  • Jul 15, 2024
  • 1 min read

Sorry, last week was a busy week.... I opened 5 cash secured puts on DDOG at $120. Happy to own these, hence no need for a spread. $2.5k return on $60k (4%). They've been trading between $110 and $130 for the last year and dipped recently, and at the price they are trading at I'd be happy to buy. I sold the puts last week, when they dipped below $125 for a bit. Received $5.03 credit, so if I'm exercised, my purchase price will be $114.97. I don't think they'll drop to $120 in the next few weeks though. If they do, I get the dog for a better price.

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