Kicking off the new trading week, we entered a fresh premium-selling position designed to generate income with a defined risk profile.
💼 $100K Account Trade
🟢 Sell to Open: 1 $GTLB Jun 20 $50 Put
- Credit Received: $400
- Capital Secured: $5,000 (cash-secured put)
- Break-even Price: $46.00
- Strategy Goal: Generate premium by selling puts without the intention of acquiring shares. If tested, we will look to roll or manage actively for more credit.
🧠 Trade Rationale
GitLab ($GTLB) offers strong volatility and option liquidity—perfect for short-term premium plays. This trade aligns with our overall philosophy:
✅ Focus on cash generation
✅ Roll or manage when it makes sense
✅ Avoid assignments unless the opportunity is compelling
🔁 Ongoing Strategy
We’ll monitor this position and look for exit opportunities as premium decays or as market conditions shift. Rolling is always on the table if prices move against us—but our objective remains to collect income and move on.
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Disclaimer: This content is for educational purposes only. Options involve risk and are not suitable for every investor. Trade responsibly and consult your financial advisor if needed.