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🏅👌☝️😂🏦x2 money sell $Vanguard S&P 500 ETF(VOO)$ put options earn 9% in 6 months 

Certainly! If I were to double my money from 17500 USD to 35000 USD, one strategy I could consider would be selling a put option with a strike price of 360 USD and an expiry date of 6 months away from today's date (April 12th, 2023) at a premium of $13.30.

When we sell a put option, we receive a premium from the buyer of the option. In this case, the premium received is $13.30 per share. It's important to note that options are traded in contracts, with each contract representing 100 shares of the underlying asset. So, if I sell one contract, I would be obligated to buy 100 shares of the underlying asset at the strike price of 360 USD if the option is exercised.

This means that the real value of the option is $1,330 (i.e., $13.30 x 100 shares), and I would need to have enough capital to cover the purchase of 100 shares at the strike price of 360 USD. This would require $36,000 in capital ($360 x 100 shares).

If the option is exercised, I would need to purchase 100 shares of the underlying asset for $36,000, regardless of the current market price. This means that if the market price of the asset falls below 360 USD, I would incur a loss. However, if the market price of the asset stays above 360 USD, the option will expire worthless, and I will keep the premium of $1,330 as my profit.

To calculate the potential profits and losses, we can use the following formulas:

Maximum Profit = Premium Received x Number of Contracts x 100

Maximum Loss = Strike Price - Premium Received

In this case, the maximum profit would be $1,330, which is the premium received. The maximum loss would be $346.70 per share, which is the difference between the strike price of 360 USD and the premium received of $13.30. So, the maximum loss for one contract would be $34,670.

To express the potential profit and loss as a percentage, we can use the following formulas:

Maximum Profit Percentage = (Premium Received / (Strike Price x Number of Contracts x 100)) x 100%

Maximum Loss Percentage = ((Strike Price - Premium Received) / (Strike Price x Number of Contracts x 100)) x 100%

Using these formulas, the maximum profit percentage would be 3.69%, and the maximum loss percentage would be 96.31%.

It's important to note that these calculations assume that we are only selling one contract. If we were to sell multiple contracts, the potential profit and loss would be multiplied accordingly. It's also important to note that these calculations do not take into account any transaction fees or taxes that may be associated with the trade.

Overall, selling a put option can be a profitable strategy if done correctly. However, it is important to understand the potential risks and rewards associated with this strategy. The potential profits and losses of a trade should always be carefully considered before making any decisions

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