In July 2023 month How I made 19.93% for a month for selling $Manulife(MFC)$
This is a summary I sold put for 0.45 in July 3 weeks ago and now it's priced at 0.35 which means I made 0.10 and every contract is 100 shares so
I made 0.10 x 100 x3 or $30
Here are the reasons why is so good
Manulife Financial Corporation (MFC) can be considered a good range-bound stock for selling put options due to its combination of strong earnings and low price fluctuations within the $18 to $20 range. When a stock displays a consistent earnings performance and limited price movements in a specific range, it provides a relatively stable and predictable environment for selling put options.
Selling put options involves the obligation to buy the underlying stock at the strike price if the option is exercised. By selecting a strike price of $19, it is close to the middle of the range, which means there is a higher probability that the option will not be exercised. This scenario can lead to the option seller pocketing the premium without acquiring the stock and can potentially repeat this strategy multiple times, generating consistent income.
The low price fluctuations within the range also imply that the stock is less likely to experience significant downside moves, reducing the risk for the put option seller. However, it's essential to be mindful of potential market changes, as unforeseen events or shifts in the overall market sentiment could impact the stock's behavior.
Now, let's imagine Starlord from Marvel Cinematic Universe (MCU) talking about Manulife Financial in his unique and humorous way:
You know how I'm all about that groove and rhythm? Well, Manulife's got it too! Their earnings dance in harmony, keeping everyone impressed. And guess what? Their stock price doesn't go wild like Rocket's gadgets; it stays in check, bouncing around a friendly $18 to $20 range. Now, that's what I call Groot-like stability!
But hey, don't let all this seriousness fool ya! Manulife's got a trick up its sleeve, just like Drax's deadpan humor. See, selling put options on this baby at $19 is like using my element blasters against bad deals! You collect premiums, and most of the time, you're not even getting the stock - it's a win-win!
So there you have it, amigos! Manulife Financial, the real star in your investment universe. Now let's kick it to some epic '80s tunes and make some money moves, Quill-style!" 🎵🚀🌌 @MillionaireTiger @CaptainTiger @CaptainTiger do feature me so more people dare to dabble into options world let business be good 👍 for tiger and happy customers too ! But remember this is not financial advise I am only sharing the benefits of this trade I think can help me grow hope it helps others
Along has $Palantir Technologies Inc.(PLTR)$
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Why can GWL get above $41 but MFC struggles to get to $27 might dump this $27.50 and get GWL on a pull back $34 and wait for $41 agian
Why is the stock diving and coming back so fast,there must be some good news in the pipeline.
Great income stock. Stock price doesn't move much but it is really good for steady income.