Options Trading Journal – October 12, 2024
RIVN
Closed out a profitable put option trade on RIVN today. I had sold one put contract with a strike price of $10 expiring on October 11th. I initially sold it on September 26th for $0.20 and bought it back today for $0.00, resulting in a net profit of $18.54 after commissions.
This trade was a simple short put position, aiming to profit from a potential decline in RIVN's share price. The strategy was successful, and I closed the position before expiry, locking in the profit.
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