My Christmas gift $ 1% monthly profit Selling Google put at $120 strike price at its support price

Optionspuppy
2023-12-02

Alright, so, the stock rally in November to December is like this intense acceleration phase

in the financial space. It's got this seasonal vibe, you know? People start feeling all festive and optimistic, and suddenly, boom! Everyone's diving into the stock market like it's a holiday sale. It's the culmination of positive vibes and market dynamics, 

creating this surge that feels like a year-end rocket launch.$Alphabet(GOOG)$ $GOOGL 20250620 120.0 PUT$ 

Now, about slinging Google cash secured put options –

it's a bit like playing poker with the stock market. You're putting a bet on the table, saying, "I'm cool if Google hangs around or even dips a bit, but hey, I want something upfront for my confidence." So, you're selling that put option at $120 strike price, which is like saying, "I'm ready to buy Google if it drops to that level."

And that premium of $10.25 per share you're grabbing? That's your immediate reward for playing this game. Now, considering 1 contract is 100 shares, it's like having a hundred poker chips in the game. So, 100 shares multiplied by the premium of $10.25 gives you a sweet $1,025 upfront. It's your cash prize for taking on the market with confidence.

But hey, remember, if Google decides to take a nosedive, you might end up owning those shares at $120 each. 

It's a bit of risk and reward dance, but that's how the game goes. You're basically saying, "I'll take the risk, but you better pay me for it." It's like being the high roller at the stock market casino. Just make sure you're ready for the stakes you're playing with, and may the market odds be ever in your favor! But dun forget the $10.25 premium technically we are buying it at 109.41

@MillionaireTiger @Daily_Discussion @TigerStars do feature me so more people can learn how to observe sell options at support 

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Comments

  • LiverpoolRed
    2023-12-02
    LiverpoolRed
    Yes. That how I trade for sell put option to buy share at discounted price if t hit the strikep price. If it never  hit strike, I can also earn premium.
  • PhoenixBee
    2023-12-02
    PhoenixBee
    @Optionspuppy Haha.. You put that pretty lady picture, it's not Google will nosedive, but I will nosebleed 😂
  • Jeromelim
    2023-12-03
    Jeromelim
    can repair you trade if you learn the right skil
  • KhimTan
    2023-12-04
    KhimTan
    what is your exit plan? do u intend to wait for 1.5yrs for the contact to fully expire?
    • Optionspuppy
      Sad to say i own the stock and have a mistake on the sell call side also very very far


      See already sore eye


      Is more like to take abit profit and coffee money .
    • Optionspuppy
      Tonite can exit la if can is to in in out out like my idol dancing
  • Sonsonkok
    2023-12-04
    Sonsonkok

    Great ariticle, would you like to share it?

  • Aivern
    2023-12-02
    Aivern
    how far out do you sell your options
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