To The Moon

Since its roughest Monday, this stock has rebounded over 50%, bringing its total gain this year to a whopping 104.47%. Some investors holding the stock have even seen returns exceeding 100%.

Thinking about increasing your position but concerned about the current high prices?

Let’s find out!

👏👏👏 Congratulations to @christiany for a stellar 100% return by selling $Sea Ltd(SE)$ puts!

👏👏👏 Congratulations to @LiverpoolRed for scoring impressive returns of 83.8% and 70.64% by selling $Sea Ltd(SE)$ puts!

Got some valuable trading tips? Don’t keep them to yourself—share your insights in the comments below! 💡

Here’s what we noticed: All three trades involved selling SE puts, but with different expiration dates and strike prices.

• The first and third trades show an expiration date of 2024-08-23, with strike prices of $76 and $59, respectively.

• The second trade features an expiration date of 2025-12-19 and a strike price of $40. Thanks to its higher intrinsic and time value, the premium was also relatively higher.

If you want to buy specific stocks but find the current prices too high, selling PUT options allows you to buy at a lower price. This can reduce buying costs while mitigating risk.

Important to note!

• It’s usually recommended to sell cash-secured PUTs. If the stock is bought at the desired price, you can either sell it immediately for a profit or continue with a covered call strategy.

• Selling PUT options often requires a high margin. Investors should ensure they have enough funds to meet margin requirements to avoid forced liquidation.

In essence: The sell PUT strategy is like setting a limit order. If exercised, you buy the stock at a predetermined price and can benefit from any price increase. If not exercised, you still earn the premium.

Now, back to SE—this stock surged 26.04% in August alone and has climbed 104.47% this year, nearing last year's high.

Once it breaks through resistance, do you think the rally can continue?

We’d love to hear your thoughts and predictions on SE's price movement! 🚀

🎁Rewards：

• Feel free to share your SE positions in the comment section to win Tiger Coins! Don't miss out on sharing your tactics; give us a lesson!

• Large or high-win-rate positions also stand a chance to win stock vouchers and official interview invitations! Let's uncover who the guru is!

• If you've achieved profits from other potential stocks we don’t know, kindly share your trading strategies in your post, and remember to include the topic "Winning Trades". Hope you'll be the next one to make it onto the leaderboard~

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