The StoNks thread

[Lizard1]

Originally Posted by Gwaihir [You must be logged in to view images. Log in or Register.]

Yesterday I closed my position on NkLa and parlayed that into 3x sold puts for April at 20$ strike

Today's surge decayed 250$ of the 1500 in premiums so I closed those positions today. I'm up 25% from both plays.

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

[Gwaihir]

Originally Posted by Lizard1 [You must be logged in to view images. Log in or Register.]

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

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