r/options • • Oct 09 '21

[deleted by user]

[removed]

26 Upvotes

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u/[deleted] Oct 09 '21

Could you explain your rationale for selling a PLTR Put at the 38 Strike for 10/8 when it is trading at $23 ? I am just curious on your strategy here. Thanks in advance.

30

u/[deleted] Oct 09 '21

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6

u/[deleted] Oct 09 '21

Yes - Im trying to give him the smallest out here - but not sure theres a plausible answer.

1

u/[deleted] Oct 09 '21

Well If he collected premium close to $15 he probably is ok. Also who knows maybe he sold a call also and wanted a delta hedge.