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Dan

Two new open trades and one expiry

First up, the July expiry BHP calls that I wrote back in May have expired. I keep the stock, and the premium.. Now I'll just wait until the BHP price moves up closer to the short term resistance, and I'll write more calls. Secondly, I opened a new multi-leg trade on AMD. I wrote some puts with different strikes on the way down from $150 while AMD was trading around $155. Specifically, I wrote 5 puts, at 150 / 145 / 140 / 135 / 130, and collected $20.31 credit. It's a 3% return for the month. This is what it looks like at the moment:

Third: The big news is CRWD. I wasn't going to do any more trades at this time, but it's not often that you see a company commit suicide so spectacularly. Also, I normally don't focus on buying options, mainly selling. In this case, it was an easy decision to buy a few puts on CRWD first thing Friday morning right after the stuff up was discovered. I only bought 5 puts, now I'm thinking I should've bought more. I bought with a $200 strike, and an October expiry. I'm not planning to hold them until then, but I'm expecting to see further falls in CRWD.

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