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BOUGHT 1 ZGNX Jul16’21 21 PUT @ 0
- biasfolio
- Jul, 17, 2021
- options trade
- No Comments
BOUGHT 1 ZGNX Jul16’21 21 PUT @ 0
https://simplywall.st/stocks/us/pharmaceuticals-biotech/nasdaq-zgnx/zogenix
Stock Price: 16.99
Cost Basis: 18.11
Review: Assigned put in the money. Proceed to sell covered call on this to exit this trade.
The entry was made due to chairman of the board was purchasing. 2 Other director also joined in this trade after the entry of the options.
However, same as other biotech stock that closed this month. I should be looking to reduce the number of short put position I hold in this industry as this might not work that well with the short put strategy due to its high volatility. We shall see after this trade exits.
Stock: ZGNX
Ticker: ZGNX Jul16’21 21 PUT