Short Put Spread in High IV

High IV in $COST

Sept 15 140/155 Put Spread for $2.03.


2x stop loss, 50% win mgmt.

Trade active:

Added another put here at the $150 strike, for $1.14 db.

Comment:

Closed the $150 strike put today for 28% win in few days, filled at $.82. Just reducing some risk here in COST, as my notional is essentially $15k

Trade closed manually:

On vacation, taking a few trades off. Filled the $155 put spread trade @ $1.49 to close.