The puts ended up getting exercised on 8/13 after the market closed on earnings day. It was scary to wake up the next morning and see a 128,000 debit in my account. It is apparently common. No problem, I just sold the stock and ended up with a PROFIT of $1333.00
I probably will not do these trades. I don’t really understand them and feel it was just dumb luck that I came out ahead.
|Date||Option Price||Stock Price|
|Trades to open position||No.||Price||Total|
|buy 16th Aug $145.00 Put||4×100||$6.54||$ – 1020.00|
|sell 16th Aug $160.00 Put||8×100||$8.24||$ 6592.00|
|buy 16th Aug $175.00 Put||4×100||$19.29||$ 7716.00|