I had a CSP for ASTS on Friday at 80. It went down 10%, and eventually under the 80. I bought to close it, and I ended up with a net positive (got initially around 1.2$, closed at 0.7$).
Before I just let assignments happen and then used a CC. I felt glad I was able to close and leave without assignment and all the margin. I sold another CSP for next Friday at 65.
First time I buy to close – glad I did it
byu/No_Fudge6123 inoptions
Posted by No_Fudge6123
1 Comment
$70/$67 put credit spread, same $.50, $250 margin vs. $6450..