WDC sold credit put spreads at support near 400 due to high IV; plan to take partial profit if price reaches ~425 and hold through earnings on the 29th.

Friday we did sell put spreads across the board in WDC tanked on Friday. Volatility exploded. supportwise, stock came down to a a really really big support level just around 400, just below.

So, we sold all sorts of, you know, credit put spreads on on Friday. And, uh, so far this morning, we're I don't know, stocks up 10 bucks right now, which is great. That can obviously change at the opening, but we'll we'll see what happens.

I'm looking at their earnings date here which are end of the month 29th um I like to have that position on before earnings and I'll probably take a position in WDC for the earnings print, but these all expire this week.

You know, I I have some partial exit signals ready to send out there because um not only is it a pop of 10 bucks this morning, we're we're about, you know, where it closed on Friday.

It was about 15 bucks off of where we put our positions on. So, if we happen to open up around that 425 area where it's trading premarket right now, that's up 25 bucks. That's up 67%.

The stock from where we put our positions on those options positions should be up about 60 or 70%. We will definitely take some off the table.

So, so for instance in WDC, okay, perfect example, stock came down really nice support level technically and IV popped, volatility popped. So, not only is there, you know, do I want to have a bullish position on just because of the support in the stock, but because IV popped, options are more expensive, I want to take advantage of collecting money, you show me the money there, right?

rather than, you know, just buying a call spread at that point, I want to sell put spread and collect more premium than would be typical because of that pop and IV.