Options Ashda 2k Challenge

Today, we started with 2k challenge - the goal of challenge is to get 2k to 10K.

First Trade, Today we saw lot of puts in semiconductor area including SMH. The flow was on AMD, TXN, LRCX, NVDA etc. The flow on LRCX was big and has been paying constantly from earnings so I decided to play.

First Trade: $LRCX Nov 22 270p at 4.92 (1 contract)

As soon as we took the trade, $LRCX started falling and then around 272 area I closed the trade as market was bouncing back little at 5.58

Closed: $LRCX 11/22 Nov 22 270P at 5.58

We will try to play small trades and see where this challenge will take us.