$150 profit in DKS
- themoneyloaf
- Jul 3
- 2 min read
Happy weekend!
I'm slightly under the weather this weekend, so just one trade to share this week.
This week:
$150 profit in Dicks Sporting Goods (DKS)
$150 profit in DKS
DKS dropped in early June, once again providing a nice opportunity to initiate a new position, this time selling a cash-secured put at the $155 strike expiring on Jul 18, for $250 premium.
The only thing about DKS is that its open interest is frequently on the lower end, suggesting less volume in its options.
Because of this DKS trades are sometimes shared as a “bonus trade”, which is a trade that doesn't fit all of my criteria, but still has the potential to work out.
That was the case in this trade which was closed just 7 trading days later for a realized profit of $150 (60% of max profit).
So far this year there have been 6 wins from 6 trades in DKS with a total realized profit of $1,036, which is pretty decent.
You can check out other DKS trades at this link.
As always all the trades within this portfolio are updated in close to real-time to my private community, and you can find out more about my private community at the link below.
Closing thoughts & useful links
The S&P 500 closed at a record on Friday, which is kinda hard to believe given what the market was like just 2 months ago.
As a general rule I'm not a fan of entering positions at highs, so I'll be exercising some patience and waiting for good opportunities when they come.
Have a good weekend!
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This article is for educational purposes only. This is my own portfolio which is being managed according to my goals and risk tolerance. Your situation is likely different and you should do your own due diligence before investing in stocks or options.
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