DoorDash Delivers Gas Relief and Put Premium
DASH stock trades at 164.17 after 30% YTD drop. Order growth accelerates despite weak macro. DoorDash launches gas relief for Dashers amid high pump prices.
Here is the put write: SELL -1 DASH 17 Apr 26 152.5 PUT Contract @4.63 LMT
Trade stats: Win Rate: 100.0. Number of trades: 7. IV: 50.37. Delta: -0.28. Theta: -0.23. Max Return Pct: 3.04.
Stock closes above 152.5 on April 17 expiration. Keep the 4.63 premium.
Stock closes below 152.5 on expiration. Keep premium. Get assigned 100 shares at 152.5. Cost basis: 147.87.
Read full article for rest of today's put writes.
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