From Theory To Practice - March 9, 2021 - Hindsight is Always 20-20
With the market ripping higher today, we're able to book a couple of winners in the portfolio. This includes the Short Put Spread in TSLA that we put on just yesterday, and also the Short Put in IWM that we've had on since mid-February. Then, we take a look at our PTON position, which is now all the way back to 115 - our original Short Put strike. Situations like these, where the stock whipsaws back, can make it seem like we shouldn't have adjusted our position. But in a market where nobody ever knows where things are headed, following the mechanics and sticking to the process is always the prudent move.