September’s Position

The trading bot spirits were not with us this time around. The $5 cash covered put I sold net a credit of $79.96

But Fold stock right back to its range after the mysterious pump around the option expiry in August. Thus the shares were assigned to me at $5 per share

This equals to a loss of $420.04. Short term pain for long term gain as I am bullish on Fold.

With this assignment 50% of the shares will be moved into the Stacker Stocks Portfolio that I am working on. So congrats stackers! You now own 50 shares of Fold!!

Now it’s time for November’s Cash Covered Put Sale. This time I am going back to a $4 put!

The put on this option expires on 11/21

Once the trade closes I will update this post. Let’s see if we can get back profitable and start sharing the sats with the stackers!