I'm attempting $Tiger Brokers(TIGR)$ Easy Sell Put feature via demo...
honestly, I have no idea what I'm doing 🤷. maybe options is not for me...
post updated - looks like winning!
Modify on 2024-09-27 16:59
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It it falls below $160, you have to use 16K to buy COIN at $160. And if COIN closes at $140, you make an immediate paper loss of $2000. However I think it's unlikely COIN falls that low tml.
The loss you see here is because you didn't sell the put under optimal conditions. Typically, puts become v worthy when COIN is dropping. So perhaps you sold the put on COIN when COIN is on the rise, such that when COIN closes in the reds towards the end of the day, you start to see your puts becoming red. Such that if you want to buy the put back to close your position, you now have to pay $99 to close it. Since you receive $71 from the sale, but pay $99 to close it, you're making a slight loss of $28 (based on yst's closing price). On one contract, it's nt very painful if you anticipate a drop of COIN to say $140 tml.
Great article. Can I share it?
The $COIN 20240927 160.0 PUT$ & $NVDA 20240927 119.0 PUT$ supposed to expire today. do I need to close it? or leave it to earn the premium? lol
Oh dear
Great article, would you like to share it?
Great article, would you like to share it?
Great article, would you like to share it?