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Strategies & Market Trends : Option Strategies
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To: Thehammer who wrote (2151)7/17/2020 12:28:59 PM
From: robert b furman  Read Replies (1) of 2591
 
Hi Hammer,
I just bought to close my 10 $95.00 August 21 puts @ .25.

I sold the puts on 7/08/2020 for 86 cents.

IBM is scheduled to release their earnings on the 20th AH.

This was a new holding for me.

I've not followed their earnings reports and am not sure what to expect.

I like the idea of Red Hat being part of them, but Q 2 id a huge question and I have no doubt that business transactions could and were delayed with the pandemic.

If that shows up in IBM's revenue, I'll jump back on selling some puts.

In between I've closed out the position after 9 of the 44 days it would be open.

So in 20 percent of the time,I'll harvest 70% of the premium and not worry about a "New" stock and their earnings in this pandemic world we trade in.

Hope to resell the put again, or look to September after I see how the earnings work out.

Bob
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