Trade of the Week: FSLY

Trade of the Week

In our 48-Hour Income service, we sold a put on Fastly (FSLY) last week. The goal of the service is to generate 1% to 3% returns per week by selling 2-day puts in certain stocks. FSLY had earnings coming out so its options premiums were higher than normal. We chose a strike that gave us a reasonable amount of downside cushion, while also generating roughly 2% returns in under 2 days.