After writing, but before publishing the previous post, we had another limit order close a put contract position. Chewy (CHWY) has also traded up today (roughly 4.5% as I type) and one of our two short put positions was closed. This contract was sold on 17SEP2020 for $223.96 and we closed it today for $50.40. The strike price was $45 so our $173.56 net returned 3.9% or 64% annualized over the 22 days we held the position. We have another identical contract set to close if the market buys our position for $25. Still love CHWY, hopefully we’ll have a put contract distribute shares someday.
Source: MarketWatch