Since the strategy seems sound, why not do more of it? So I closed some other option position to pump more into GRAB.
I sold 3 more $3.50 PUT expiring 24 Jan 2024 too, I manage to get $405 in premiums ($1.35 x 100 x 3) which equates to a 38.57% gain. This premium is non refundable so I'm keeping it regardless.
But if GRAB price is less than $3.5p, then I have to buy 300 shares at $3.50. If we account for the premium collected. That means I will be buying them at $2.15 ($3.50 - $1.35).
GoLeopard :
GoLeopard : Thanks for sharing, this is a good learning case study.
pigskin : Thanks for sharing
doctorpot1 OP GoLeopard : no problem love to share ideas and get feedback also. but for this have to wait for 1.5 years later to see if it is a good move or bad move hahahahaha
doctorpot1 OP pigskin : thanks for liking too hope it help you in any way