I exited the CLSk puts today for a tiny profit. Could come lower, but it was an earnings play that turned south and then rallied. Love getting to count blessings on failed setups.
Also sold half of some MARA puts at 2x. Didn't advise these. Pulled the trigger on them around a month ago.
ACHR puts expired worthless. Looks like the reversal is happening, but it didn't happen within the expected timeframe, which is rare. Buyers have been strong on that one. Usually when that happens, it will never get as low as expected target and could even get new highs.
SNCY $17.50 April puts are up 50% and minimum target $15 is still below. These should pay over 2x if it can get there by March expiration.
Bought TNA in a sizeable amount today. It didn't hold support and I lose $1.5k. That was the risk. The reward was $9-$10k. It was worth the chance to me. Now, I need to see IWM form a solid uptrend to give that one another try. Got too deep for comfort.
Out of SPXL until support can confirm.
Did buy the SPX 6075/6080 call spread for $1.10 each for Tuesday. Looking for 2-4x. All at risk.
Grabbed some March COPX calls today. Will post that chart this weekend. It's sexy.
Have puts in the money on about 5 other names. But most still have work to do. Next week will be key.
