$SPCX
You could buy $SPCX at $152 right now and hope it goes to the moon. 🚀
If it drops to $100, you’re down over 30%.
Or…
You could sell a $90 put for next March and collect $840 PER CONTRACT.
If $SPCX stays above $90, you keep the $840.
If it drops below $90, you buy 100 shares at $90…but after the premium, your actual cost is $81.60 per share.
That’s roughly a 46% cushion from today’s price.
One strategy is buy and hope.
The other is insurance that PAYS YOU.
That’s the power of options. 💰
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