$Sea Ltd(SE)$
Hi all! I have sold put options with target price of $40 (neckline level of the double bottom) amidst the mini bloodbath yesterday night. I think it is a great options play. SEA is great value at current prices and l don't mind picking up much more shares at $40. Although, you need much more funds to sell puts, the premium you get if the puts expire before hitting the strike price is worth it. It is actually a very safe options play for such a value stock like SEA which will be a great buy at $40. You earn the premium if the stock do not retract to $40 within contract period and u get to buy it at $40 minus premium price if it does. In my view, it is a win win situation for either case for SEA at current prices! Trip to the moon with SEA!
Modify on 2023-10-06 23:17
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- Herwin Zuraimi·2023-10-05Great ariticle, would you like to share it?LikeReport