#56 Selling Naked Put: FTR JAN 17'20 2 @1.35 (Roll Forward)

Updated: 23 December, 2019 seen 28

On Aug 12, 2019, I sold the following naked put -  FTR JAN 17'20 2 @1.35 or I roll forwarded my first put sell I made earlier this year (My First Option Trade: FTR Aug16'19 2 Put @0.45)

To make this roll forward happen first I had to sell my previous position (Loss here - $126) and open the new in which I collected a premium of $135

I made a small profit here at $9 (before commissions)

Got for this trade a premium of $135, but I will be obligated to buy 100 shares of FTR if the price will stay below 2 USD per share before JAN 17, 2020. Currently trading at $0.85

Break-even price: $0.65