I currently own DPST at $100/share. Not unlike many other stocks, DPST currently dipped below the 200 day moving average of $95.68, falling victim to the emotions of the market with tariff announcements/rumors. I think at Put around the $82.00 mark (.26 Delta), 11/21 expiration (9-day hold), is a solid play, as DPST has been trending north this week back towards the 200 day moving average. A Put at this strike should yield between $150-180 in profits, with the potential for an early buy back before expiration for profit, freeing us up to find another good position to maximize our profits.
Click The image to see the chart!