With HOOD at $70.75 I just sold 3 $69 Puts. HOOD has been on the move lately. I placed these Puts because I have 3 $70 Naked Calls with the Expiration Date of 6/20/25. I hope I get filled on these Puts to cover my Calls. I was paid a $1.30 premium. If I get filled my Calls will be covered and I got paid $390 to buy the stock. Let’s watch and see how it works out. This is only a three day position.
6/3/25 – Sell to Open 3 HOOD 6/6/25 $69.00 P @ $1.30 (+$390)
Successful trading,
Steve
The Options Coach