2021.02.11 CRWD Put Option Contract Closed

Today our short position in a Crowdstrike Holdings Inc (CRWD) put option contract (strike: $170; expiration: 19MAR2021) was closed on a standing limit order. We like the prospects for CRWD’s future, but we’ve earned 75% of the premium we received just 16 days ago with 6 weeks until the option contract expires. This contract netted $313.61. Collateral of $17,000 was required to maintain the CRWD position so we earned 1.6% for exposure to it; 42.1% on an annualized basis.