Sold ADI Naked Put

For the first time in the 10 years that I’ve been writing My Trader’s Journal, I made a trade on Analog Devices ($ADI). While ADI was trading at $80.60, I sold one ADI July $80 naked put for $3.40 and received $339.75. I think the downside risk to ADI is no lower than $75 and probably not that low.

I detailed my trades in this YouTube video posted here:

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