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I’m bullish pfp
I’m bullish
@iambullish
My friend forwarded me an email he got for a paid course promising to teach him “how to make money without buying any stocks/bonds/crypto…with limited space so act now”. After looking at the email and it’s attached video, all they are doing is selling cash covered puts so I told my friend I would teach him for free. Here is an example I just did. I just sold Coinbase 6/21 $237.5P for $5.09 when stock is at $237.94. If Coinbase drops below 237.5, my short put will get assigned. Since each contract is 100 shares, I’d need to put aside $23,750 cash in my account to earn that $510 put premium this week. If I get assigned, it’s equivalent to me buying 100 COIN at $237.5-5.09=$232.41/share so I would lose money if COIN goes below that but since I don’t mind holding COIN (cause it will pump sooner or later in a bull market), it’s ok.
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I’m bullish pfp
I’m bullish
@iambullish
Coin fell below my strike price at the end of day but news of SEC closing its ETH investigation against metamask will probably pump it Thursday (market closed on Wednesday in US). Low risk even I get assigned like I said 😀
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