Closing this trade today for a total of $350 profit or $0.70 per lot. 14% gainer.
BTC EQIX Sept 12 175/170 bull put spreads for ($0.29-$0.25) x 100 x 5 lots = $20 debit vs. $205 credit = $185 profit
With the EQIX continuing to break out to new all-time highs, I'm rolling these put spreads up for a net credit of $0.22 per lot. Staying under the 50-day moving average and the ascending trendline. 91% probability of max profit on this adjustment.
BTC EQIX Sept 12 165/160 bull put spreads for ($0.70-$0.51) x 100 x 5 lots = $95 paid vs. $260 received = $165 profit
Sold EQIX Sept 12 175/170 bull put spreads for ($1.40-$0.99) x 100 x 5 lots = $205 credit received
Equinix Inc (EQIX) beat earnings again last month and continues to ride the ascending trendline up after putting in a new high. OBV confirms that money is flowing back into the stock. Wanted to keep the short strike under the July lows at 160 but there wasn't enough premium. As it is the 165 strike is almost 4 ATRs away.
Currently an 89% probability of max profit on this one. I may condor these if the stock runs into resistance at some point, but will not be in a rush to do so.
Sold EQIX Sept 12 165/160 bull put spreads for ($1.67-$1.15) x 100 x 5 lots = $260 credit received