How is your option trading going//@nomadic_m:Using Tesla as an example:
On October 14, Tesla's stock price wass $217.8. An options trader predicts the price will reach $250 within a month but fears potential downsides.
The trader sells a $250 put option expiring November 15, receiving a $3,700 premium.
Simultaneously, they buy a $215 put option expiring November 15 for $1,382.
This bull put spread strategy profits from selling lower-strike put options and buying higher-strike put options when the underlying price rises.
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