Our QuantumScape (QS) and Starbucks (SBUX) puts are on track to expire worthless.
After more than a year of managing the SBUX position, we are finally able to walk away with a small profit. Considering how deep underwater we were, this is a victory. It’s also proof that our rolling strategy and a good deal of patience pay off in the end.
Our Moderna (MRNA) and Zoom Video Communications (ZM) puts are also on track to expire worthless, earning excellent rates of returns.
MRNA Feb Monthly (2/19) 130/120 Put Spread
Current Stock Price: $176.81
Cash in Hand: $0.42
Action: Watch spread expire worthless
Profit: $0.42, or $42 per contract
QS Feb Monthly (2/19) 58 Put
Current Stock Price: $63.12
Cash in Hand: $0.65
Action: Watch put expire worthless
Profit: $0.65, or $65 per contract
SBUX Feb Monthly (2/19) 103 Put
Current Stock Price: $104.52
Cash in Hand: $0.15
Action: Watch put expire worthless
Profit: $0.15, or $15 per contract
ZM Feb Monthly (2/19) 380/370 Put Spread
Current Stock Price: $421.25
Cash in Hand: $0.90
Action: Watch spread expire worthless
Profit: $0.90, or $90 per contract