41% profit on EA put options
Here’s today’s top play with #TeamWingtrades!
EA put on the pop on open and subsequent fade, just as it did yesterday -- no one trusts EA to hold its value because of the terrible earnings report, no matter how well Apex did. I could easily have made more money on this (the stock is continuing to fade), but 1. I don't trust EA to behave, so I only put 1% of my account on this (hence why it's deep OTM -- if I was more confident in it I would've risked more of my account and taken an ATM put) and 2. I'm trying to be a more disciplined trader, and 41% profit in is quite a lot of profit. I exited when the price action stalled instead of holding hoping for more. - Skull