3d • General discussion
RIVN May1 $17 CSP
We executed a trade on Rivian this morning as the company reports earning on Thursday April 30th after the market closes. We sold 10 $17 May 1 contracts and collected $100 a contract for gross proceeds of $1000. Our thesis is quite simple, We have wanted to add to our position of RIVN and with this trade we are potentially getting in at essentially $16 a share after collecting our premium. If RIVN is above $17 at expiration, we walk away with $1000. If RIVN is below, $17 we get put to the stock. We will check back on Friday morning on this trade.
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RIVN May1 $17 CSP
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