Sold Some Lottery Tickets

I sold some BP 29 Puts expiring next Friday naked for $1.20.

5 comments:

Anonymous said...

You forgot to post that you bought em.

Anonymous said...

This market is a short squeeze. It could push higher threw out the day.

Tsachy Mishal said...

I didnt buy them. I am short them.

IC said...

Why not sell the 20 or 25? Any bad announcement will send it below 29, the 20 is a truly stupid lotto buy, 29puts are not unreasonable.

Tsachy Mishal said...

You are correct but I also suspect the stock has bottomed so I am being a little riskier.