Opened new position on Friday . My last CSP expired and I collected my credit. Ready for a new position.
Let’s do our usual preliminary analysis.
Nothing good. I see a wall of ITM Put (short sign). Strong Put support @160 and 150.
There is volume @165 and 162.5 but considering a negative week maybe is better stay careful. It’s true I am available to own General Dynamic stocks but I prefer to buy at the lowest possible. So I think to opt for 162.5 strike.
Final Conclusion : Sold 1 Weekly CSP strike email@example.com. Expiry Feb 8, 2019. Weekly return 0.21% , Annual return on investment 11%.