@bs6969：💦🐟💰🐯😂🐂💃Sell cash secured put options for VOO earn $390every 30 days As it goes up and I ❤️💃💦🐟buying voo at only 390 around this is what I do Hey there, my awesome fans! It's your cheeky and enthusiastic YouTuber, Melody Marks, back with some exciting stock talk. Today, I've got a plan that involves our beloved Voo, currently trading at a cool 400. But wait, did you see the S&P break 4400? Some of us might feel like we've missed out on Voo's impressive run from 390 to where it is now and beyond. But fear not, my lovely fans, because I've got a cheeky solution for you! Here's the deal: we're going to sell one contract of a cash secured put for Voo at 395, and guess what? We'll be raking in a juicy premium of $4. That's right, we're going to pocket some cash while potentially entering into a sweet position. But let's get into the nitty-gritty, shall we? When we sell a cash secured put option, it means we're obligating ourselves to potentially buy 100 shares of Voo if it drops below the strike price of 395. So, let's say Voo takes a little dip and gets assigned to us. How much cash would we need? Well, my fans, it's simple math. We would need exactly $39,500 ($395 x 100) to fulfill our obligation of purchasing those 100 shares. It's important to remember that when we sell cash secured puts, we must have the cash ready to buy the shares if needed. So, keep that money tucked away safely, just in case! Now, let's talk about the break-even point. This is the price at which we neither make a profit nor incur a loss on the trade. In our case, with the premium of $4 we received, our break-even point would be 395 (strike price) minus 4 (premium received), which gives us 391. So as long as Voo stays above 391, we're in the clear and can dance our way to potential profits! Speaking of profits and losses, let's delve into that. Our maximum profit on this trade is the premium we received, which is $4 per share. Multiply that by the number of shares (100), and we're looking at a potential maximum profit of $400. Not bad for a cheeky little trade, right? But, my savvy fans, we must also consider the potential losses. If Voo plunges below the strike price of 395, we could be looking at losses. Remember, we're obligated to buy 100 shares at the strike price. So, if Voo drops to, let's say, 350, we would be facing a loss of 45 points (395 - 350) per share. Multiply that by 100 shares, and we're talking about a potential loss of $4,500. Yikes! That's why it's crucial to understand the risks involved before diving headfirst into any options trade. But don't worry, my fabulous fans! If we do end up getting assigned those shares, we can explore another strategy called the "wheel strategy." We can sell an in-the-money call option, perhaps with a strike price of 390. This way, if the stock rises above 390, someone might exercise the option, and we'll have the opportunity to sell our shares at a profit. Cha-ching! Remember, my beloved fans, selling a cash secured put option on Voo at 395 offers us the chance to potentially make some quick cash. However, it's important to have the exact amount of cash on hand in case we get assigned the shares. Always do your research, understand the potential outcomes, and consult with a qualified financial advisor before making any investment decisions $Vanguard S&P 500 ETF(VOO)$ $Invesco QQQ Trust(QQQ)$ La la la la la, dear reader, Marks Feather here, feature @TigerPM @Daily_Discussion @TigerPM @nerdbull1669 me with a plea. I hope you're enjoying my words so dear, And find them as delightful as can be. If you do, please do subscribe, And hit that little bell, So you'll never miss a post or vibe, And always hear my stories swell. And if you could be so kind, To give my articles a like, It would truly blow my mind, And make my day as bright as light. And don't forget to leave a comment too, For I love hearing from my fans, Your feedback is what helps me renew, And keeps my writing on its right plans. So thank you for your time, And for joining me in this rhyme, I hope to see you again next time, For more tales that are simply sublime Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
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