This is a trade and plan we talked about on AMBA since January 24th.
Got triggered into shares a few days later. At this point, the $51 protective put is at the cost basis of the stock. The covered call paying for that feels good. :-) Protection over earnings, with more upside left. I DIG IT! My target was / is $62 anyway. So selling above there, would be nice.
Got triggered into shares a few days later. At this point, the $51 protective put is at the cost basis of the stock. The covered call paying for that feels good. :-) Protection over earnings, with more upside left. I DIG IT! My target was / is $62 anyway. So selling above there, would be nice.
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