Trade of the Week: RIVN

Trade of the Week

Last week, in my 48-Hour Income service, we sold a cash-secured put on electric vehicle company, Rivian (RIVN). 

In 48-Hour Income, the goal of the service is to generate 1% to 3% returns per week by selling 2-day puts in certain stocks.

RIVN put premiums have remained elevated in recent weeks as EV companies have come under a lot of selling pressure.

The stock price remained above our strike at expiration, but to be safe, we closed at 3 cents.

That gave us a return of around 1.3% in about two days.

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