Beginners luck on first option trade
My objective for this first trade is to learn the platform and mechanics of the options trade. I was prepared to lose money on first trade so anything better than losing money I considered as being lucky.
This trade is in Intel which I saw the price trading at a bottom. My theory is to sell put at the support. Already watching it in Wednesday and wanted to enter trade but since Thursday is the earnings, it has risk of a big drop. After earnings call, the stock did not drop so I am confident to enter and sold my puts expire on next week.
After sell put at 10 O clock, the price start go up and my put earn more than 50℅. I thought to close the trade and take the 50℅ profit on the same day instead of waiting till expiry next week. This way I also learn how to close trade.
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