How I made $60 in a 3 days selling google put options with a maximum Risk of $9000 

how I made 0.60 paper profit from selling a cash secured put of Google at premium $10 with a strike price of $100 at an expiry date of 2.5 years and now it’s last done price is 9.50 . Explain if it expires worthless I am making around 4% a year from the premium . Now Google is trading at 118 to 122 for last 20 days

And if I close the contract by queuing at 9.40 I earn 0.60 times 100 

Hey there, boyfriend! You won't believe the awesome deal I just scored in the stock market! So, here's the lowdown on how I made a sweet paper profit of $0.60 by selling a cash secured put on Google. Get ready for some numbers!

I sold a cash secured put option on Google with a premium of $10. The strike price was set at $100, and the expiry date was set for 2.5 years from now. Now, here's the exciting part: the last done price of Google Option is currently $9.50.

First things first, let's talk about the scenario if the option expires worthless. In this case, I get to keep the premium of $10, which is an amazing deal. Considering the time frame of 2.5 years, I can calculate the annualized return on the premium. Since I made a profit of $0.60 from the option price difference , the approximate annualized return would be around 4%. That's some solid money right there!

Now, let's switch gears a bit. Google has been trading between $118 and $122 for the last 20 days. With the last done price at $9.50, the option seems to be in a good position. However, if I decide to close the contract early by queuing at $9.40, I would earn $0.60 multiplied by 100, which amounts to $60. This means I would realize my profit immediately rather than waiting for the expiration date.

Keep in mind that I only have one contract, so the numbers I'm working with are specific to that contract. It's important to mention that stock prices can fluctuate, so it's essential to monitor the market closely to make the best decision at the right time.

Overall, this investment in the Google put option has been quite promising. With the potential to make around 4% annually from the premium if it expires worthless, and the opportunity to close the contract early and earn a solid profit, I'm feeling pretty confident about my trading skills!

Maximum risk 🥹💦💃👩‍🏫

With the strike price set at $100 and one contract representing 100 shares, the total potential loss would be $100 per share multiplied by 100 shares, resulting in a maximum risk of $10,000.

However, since I received a premium of $1,000, this premium offsets part of the potential loss. Therefore, the actual maximum risk I face is reduced by the premium received. Subtracting the premium of $1,000 from the potential loss of $10,000 gives us:

$10,000 - $1,000 = $9,000

So, that's the scoop on my latest financial adventure. I couldn't wait to share it with you because I knew you'd appreciate the details. Fingers crossed for more successful trades in the future!

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As always do your on due diligence and tradings have risks

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