To The Moon

Warrant buffet Citibank sell put at $48 earn 1% $0.48 monthly@TigerStars@TigerStars@TigerEventsdo feature for October earnings of citiibank 

Q2 2022EPS beaten by 37.48%

EPS (USD)

Expected

1.67

Reported

2.30

Surprise

37.48%

Revenue (USD)

Expected

18.36B

Reported

19.64B

Missed on the recent rise of Citi bank fro $44 to $52 . and back down to $50 . Market is always controlled by greed and fear and when $44 u will think it's going to fall more while when it's $52 or 50 we will have fomo 

So I adopt the 1% monthly sell option rule and use the Premium to buy 1 extra share of Citi bank . If I have more dividends I will Buy maybe 2 

Rule is sell 1 put options on Citibank at $48 

If it falls to there pick it up paying $47.60 times 100 shares and continue to sell call at $47 to $49

Earning extra 1 to 2 % just continue the process and buy more extra shares with the premium $Citigroup(C)$

Guys this is just an advice and a free learning process case study . Do trade safely and take care 

Why sell a put option?

If you’re looking to trade options, you can sell them as well as buy them. Here are the advantages of selling puts. The payoff for put sellers is exactly the reverse of those for buyers. Sellers expect the stock to stay flat or rise above the strike price, making the put worthless.

Using the same example as before, imagine that stock WXY is trading at $40 per share. You can sell a put on the stock with a $40 strike price for $3 with an expiration in six months. One contract gives you $300, or (100 shares * 1 contract * $3).

So u only pay 3700 instead of 4000 and if it doesn't Go below 40 

U walk away with the $300