Initial Position: August 23, 2024 On August 23, 2024, I initiated an option strategy by selling 2 contracts of Coterra Energy (CTRA) $Coterra Energy Inc.(CTRA)$ put options with a strike price of $23 and a maturity date of October 18, 2024, collecting an option premium of $36 per contract. The decision to take a bullish stance on Coterra by selling puts was based on the following positive factors: Coterraโs High Margins and Strong Cash Flow: Coterra Energyโs low debt levels, disciplined capital management, and quality long-life reserves gave me confidence in the company's ability to withstand market fluctuations, particularly in the natural gas sector. Depressed Natural Gas Prices: At the time, natural gas prices were low, but the long-term
Why options are addictive?
Options traders said options are addictive because it can gain 2000% but only lose 100%. ------------- Do you agree with them? Do you find options trading addictive? What's your attitude towards options?
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