My Christmas gift $ 1% monthly profit Selling Google put at $120 strike price at its support price
Alright, so, the stock rally in November to December is like this intense acceleration phase
in the financial space. It's got this seasonal vibe, you know? People start feeling all festive and optimistic, and suddenly, boom! Everyone's diving into the stock market like it's a holiday sale. It's the culmination of positive vibes and market dynamics,
creating this surge that feels like a year-end rocket launch.$Alphabet(GOOG)$
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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