Block's Big Cuts Spark Rally: Lock In Put Premium Now

Block (XYZ) shares surged nearly 20% premarket. Q4 earnings met estimates. Revenues grew year over year. Company cut over 4,000 jobs. Staff now under 6,000. Jack Dorsey rewrites cost curve. Cathie Wood and others bet big.

Stock trades at 64.84. IV at 49.23. Put write setup targets premium collection.

Here is the put write: SELL -1 XYZ 27 Mar 26 61.0 PUT Contract @1.92 LMT

Stock closes above 61 on expiration. Keep full 1.92 premium. Win rate 100% over 3 trades. Delta -0.3. Theta -0.08. Max return 3.15%.

Stock closes below 61 on expiration. Keep premium. Assigned 100 shares at 61. Cost basis 59.08.

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