I little while ago I jumped out of a Nvidia Put with a nice profit. I also just exited a Carnival (CCL) position. I sold a 10 contract, $21.00 Naked Call on Friday, today I closed with an $800 profit.
3/13/20 – Sell to Open 10 CCL 3/20/20 $21.00 C @ $1.00 ($1000)
3/16/20 – Buy to Close 10 CCL 3/20/20 $21.00 C @ .20 ($200)
Profit +$800
Who said you can’t make money in this market? You can!
I closed the NVDA and CCL positions to grab profit, and in addition, Trump is talking at 3:30 today. Why would he pick 3:30? Maybe he wants to say something to move the market before the close like he did on Friday. If he does, and the market moves, While taking profit I freed up some cash for a new position. I might be making a trade right before the close. Stay tuned!
Successful Trading,
Steve
The Options Coach