To The Moon

$SPDR 500(SPLG)$

 Selling put option on spld $49 with 0.55 dividend around 1% 

Because the $49.00 strike represents an approximate 4% discount to the current trading price of the stock (in other words it is out-of-the-money by that percentage, there is also the possibility that the put contract would expire worthless. ) this is a high chance of it occurring to expire worthless. And in the event of excerising up the option uwill be paying $49-0.50 which is around 48.50 around 7.5% discount on the current price . 

Even if it will to drop to 44 u can still sell call around $47 or 48 to have a good option premium 

Sometimes I will sell slightly lower call on strike price to bet and earn the premium. I do think sell call onQYLD at $18 at times on my existing positions $SPDR 500(SPLG)$$NASDAQ 100 Covered Call ETF(QYLD)$$Vanguard S&P 500 ETF(VOO)$do trade safely and to the moon guys ! 

Summary options 

How Do Put Options Work?

Because the put option is a contract, there are two parties: a buyer and a seller. The seller, called a writer, gives the right to the buyer to sell the stock for a defined value. This writer makes money based on the sale of the contract. The buyer of the contract gets the right to sell the stock and pays the option’s premium for this right.

Tip: While options are most commonly associated with stocks, investors can use other underlying assets in the options contract. These include bonds, currencies, futures, and indexes.

In a put contract, there is an underlying stock, expiration date, and the strike price. The stock named is the stock that the put buyer has the right to sell. The expiration date sets the timeframe by which the contract owner has to sell the equity. The strike price is the defined price that the option holder can sell the equity.

The put contract gains value as the stock price goes down. A simple example illustrates this concept. If an investor buys an XYZ put option with a strike price of $45, they are able to gain more profit the lower the stock goes. So if the stock price drops from $45 to $35, the investor increases their potential profit by $10 per share.@TigerEvents@TigerStarsdo feature my article so more people can sell put option and call options on index funds at $50 affordable rate