Quote:
Originally Posted by Lizard1
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Well if you didnt buy in you lost out because its going to go up considerably soon and many big companies are backing it. Might take more time, but like i said a month ago NKLA Long
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A sold put is a long bet.
The conversation started with a proposal to buy;. The stock was at 34 I said fuck no, sell 17.50 puts for 420$ each expiring in january. You'll make 23% even if the stock gets chopped in half.
Stock got chopped in half in the 6 weeks to follow and then bouyed back up to 25 this week.
By that measure my 4k investment in NKLA options has returned 25% to date in options premiums with an additional 600 coming on the back end in january to end at 5600. The 123 shares I could have bought with 4K at
34/share will need to be above 45.53 to beat the premiums earned on the 3 sold put options I've moved on since then to beat the profit I'll make in all of this, and I still have the option to close the position and buy the underlying security or parlay with a 25$ april put option for 750/pop in premiums if I want to push the envelope