Hi All! I've recently embarked on selling options as my newest method of earning some side income and am here to share with you a few of my recent successful trades! Please keep in mind that there are risks to every option trade and this post should not be construed as offering financial advice of any sort! Without further ado:
I started my journey by selling one $Airbnb, Inc.(ABNB)$ option on 03/08/23. I should have sold more because I stood to gain $19 for every option sold; however, as this was my first time dabbling in selling options, I erred on the safe side and bought one. It was successful as ABNB continued dropping and my option expired on 04/08/23 (didn't need to buy back) and I earned a premium of around $15 (after fees)!
I successfully sold five $Palantir Technologies Inc.(PLTR)$ options on 07/08 at a strike price of 32 (option expiry date: 11/08) which resulted in me earning about 50 USD (after fees and buying back the options on 08/08 successfullt for $1 each)! I think this was a great start to my options selling adventure.
I hope I continue on this successful trend and hope all of you guys also learn more about selling options and executing profitable, prosperous trades! BEST OF FORTUNE TO ALL!
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.
