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r/thetagang
Shorted $SPCX - at $178 with 300 shares
Investor summaryBearish
Author shorted SPCX at $178 and plans to sell weekly puts at $177 and $160 to collect premium.
Bear points
- Shorted 300 shares at $178, indicating a bearish outlook on the stock.
- Selling puts at $177 and $160 to collect premium while maintaining a bearish bias.
Post body
I thought I had a good entry price but could of had better. Tomorrow options markets open up, going to sell some weekly puts at $177 dollars and some more at $160 for another week out.
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