I sold a 6985/6990 call at 6:35 AM PST for $0.70 the moment price closed below vwap. The deltas also confirmed that we might see some short term downside so im hoping that the deltas continuing going red until premium goes to the $0.10 profit taking that I set.
Update: I was able to close for $0.05 7:38 AM PST Markets flushed so hard today for some reason. I was able to open a put position at the bottom. It was a 15 wide. I sold 6785/6770 Put for $0.80. Looking to close these at $0.10 or $0.15 if price doesn’t go any further than low of day. However, if it falls even further I’ll aim to close at the next 50% if its possible or some type of profit.
I was able to close the puts for $0.25 at 8:47 AM PST. Decided to just secure at least $0.55 profit and not risk it going back. If it goes back I can always get back into the trade if it looks good.