Block Put Write: Cash In Before AI Layoffs and Earnings Hit
Block trades at 60.23. Analysts see 37% upside. CFO flags AI-driven layoffs ahead.
Growth investors eye Block for strong attributes.
Here is the put write: SELL -1 XYZ 24 Apr 26 55.0 PUT Contract @1.69 LMT
Stock closes above 55 on expiration. Keep the 1.69 premium.
Stock closes below 55 on expiration. Keep premium. Assigned 100 shares at 55. Cost basis 53.31.
Trade stats: Win Rate 100% (3 trades). IV 51.91. Delta -0.26. Theta -0.07. Max Return 3.08%. Expires 5 days before earnings.
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