On May 2, 2025, the $5K account closed its short put position on Rigetti Computing (RGTI) by buying back the May 16 $9 put for $40, resulting in a total profit of $51.
Trade Outcome:
- Option Closed: May 2, 2025
- Strike Price: $9
- Initial Premium Collected: $91
- Buyback Price: $40
- Net Profit: $51
- Account Size: $5,000
Trade Recap:
This trade was initiated as part of a short premium strategy targeting high-probability setups in smaller accounts. The early exit captured over 50% of the available premium in a short time frame while avoiding the risks of holding through expiration.
🔗 Opening Trade Reference:
Sell RGTI May 16 $9 Put for $91 Credit
Key Takeaways:
- Solid ROI: A $51 gain on a small notional position delivered a meaningful return for the $5K account.
- Risk Managed: Profit secured early without testing the strike price.
- Capital Redeployment: Funds are now available for the next opportunity.
This trade underscores how even smaller accounts can steadily grow through disciplined option selling and timely exits.
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