Pulling Premium From ANET Put Options
ANET dropped 9% since the last earnings report. Rising earnings estimates show solid cloud demand.
Here is the put write: SELL -1 ANET 2 Jan 26 123.0 PUT Contract @3.62 LMT
If the stock closes above 123 on expiration, keep the premium.
If the stock closes below 123 on expiration, keep the premium and get assigned 100 shares at 123 with cost basis at 119.38.
Trade stats include Win Rate: 100.0, Number of trades: 10, Stock price: 128.8, IV: 44.27, Delta: -0.32, Theta: -0.16, Max Return Pct: 2.95.
Read the full article for more put writes.
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Tiblio Atlas Team
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