Ild like to see WXY's actual trade...I think this is him being bored and looking for fun.. Dont believe he simply looks for the highest vol he can find and sell puts blindly... Hes the ET Elliot wave master and sells garbage puts in Biotech?? He should take a course in trading from JohnArb
Sava lost 85% of its value over the weekend, do you really want us to believe that you collected premium to cover that carnage? If you don't want us to poke you in the eye don't open the thread, but also keep your bullshit at bay.
Theres no chance he sold 4 bucks in premium after the spanking, unless he decided to aggressively ratio the upside.. Likely story is he bought more stock at 4 to average down.. But it's not what he said
My guess is he sold 14 puts at $0.19, put $152 towards a car payment then got assigned at 14 when it crashed. Then true to form he averaged down so his cost is 1500 shares at $9.83. So he be almost 9K underwater. So much for a risk free couple hundred bucks. Now if he had read the chart right he'd have seen this happening. After all price moves in waves that are shown in advance.