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Iâm bullish
@iambullish
My friend forwarded me an email he got for a paid course promising to teach him âhow to make money without buying any stocks/bonds/cryptoâŚwith limited space so act nowâ. After looking at the email and itâs 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, Iâd need to put aside $23,750 cash in my account to earn that $510 put premium this week. If I get assigned, itâs 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 donât mind holding COIN (cause it will pump sooner or later in a bull market), itâs ok.
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Mary Summersđ
@lucyk
Great job helping your friend; real knowledge trumps paid courses!
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Iâm bullish
@iambullish
No need to buy the cow when you can get the milk for free đ
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