cbat follow up

CBAT Wheel Strategy Trades Follow UP Video | 3/25/2021

  • Published the CBAT Wheel strategy trading idea back in December 2020.
  • Opened $5 strike and $2.5 strike Short Put positions continuously since then.
  • Got assigned once but managed to get out when the stock price recovered.
  • PNL for the trades since December 2020 has been positive.
  • Still have several open positions with April and May expiration.
  • The daily chart shows a pretty strong support and resistance line at around $5.
  • The game plan is to wait until expiration if the stock price stays around $5.


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