$72 profit in PG
- themoneyloaf
- 3 hours ago
- 2 min read
Happy weekend!
Just a couple of weeks ago I shared a winning trade in PG with $115 realized profit.
This week I'm back with another winning trade and a double drip in PG
This week:
$72 profit in Procter & Gamble (PG)
$72 profit in PG
Just after the previous trade closed, I saw another opportunity to re-open a position in PG.
I sold the $140 cash-secured put expiring Jul 17 for $102 in premium upfront.
However, this trade was quite close to expiration and was also at a strike price $10 higher than the previous trade, so I decided to issue it as a bonus trade.
This means it mostly fits my criteria for a trade, but there are some possible hiccups to look out for.
Thankfully, no hiccups in this trade and just 2 trading days later, I paid $0.30 to close the trade.
This resulted in $72 in realized profit or 71% of max profit.
While I've typically leaned towards being more conservative with my trades, I have been trying to be better at taking advantage of these opportunistic trades when they come up, and so far it's been working pretty well.
This makes it 8 wins from 8 trades in PG with a running realized profit of $1,000.
This trade (and all trades in this newsletter) are shared in close-to real time to my private community as updates in my own portfolio (not recommendations). If you're familiar with the basic mechanics of options, you can consider joining the private community to view these updates as well.
And of course the guidance for managing and closing both trades were posted to the community as well.
You can find out more about my private community at the link below.
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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