Prompt: The more you wait, the less you act; the quicker you get in, the quicker you get out.
Brief: Applying skills acquired from day trading and swing trading in the options market. Writing Put options using leverage is known as selling “naked put.”
\-To sell HOOD 60P ($6,000 in value), the margin requirement (think of it as a “down payment”) is $600. The final premiums earned: $108 profit
\-Versus buying HOOD at $70.49 → 85.1 shares → sell at $75.05 = $388 profit
\-Verdict: Swinging options is inferior in this case.
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04/13/26: Sold to open 11/15 HOOD 60P for 8.55 credit
04/14/26: Buy to close triggers at market open (via GTC order) for 7.45 debit
Net profit of $108…racking up small wins.
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https://preview.redd.it/kcxy0wpas6vg1.png?width=1439&format=png&auto=webp&s=316862a756d4d920eb2bf655bff5c2010fb9e50c
Reason for Entry: After bouncing off what appears to be the bottom, taking a quick trade here could be profitable in this beaten down ticker.
Reason for Exit: Anticipated 50SMA breach in the immediate future--the breach came too soon. Take the quick profit and live to trade another day.
Entry at $70.49
Exit at $75.05 at the open
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Several years of trading culminates into these two points:
1- From swing trading: Believe in reversion to the mean
2- From day trading: Take profit when profit is good for the taking
Bonus- From both: No need for FOMO as there are many more trades exist in the market