In June 2021, this blog mentioned the possibility to sell put options – for example the Jan23 2P @$0.18 per option (or 18$ per option contract) – on Gamestop as underlying.
After a bit less than one year, the prices of the options above have come down significantly.
Though the position could still be kept open, it seems prudent to close the trade early and buy back the options sold @$0.18 per option for only @$0.06 per option. This results in a profit of $0.12 per option for only delivering margin!
Current Price
Jan23 2P @$0.06 per option (or $6 per option contract)
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