Tools: Cash Secure PUT
Budget: 60K USD cash secured in the trading platform.
#1 Trade Performed (GOOGL)
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Stock: Google Stock (GOOGL) at $195 Stock price
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Sell Put: $190 strike, 21days DTE, premium = $1.55
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You collect: $155
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If Google > $190 at expiration: Keep $155, no shares bought.
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If Google < $190 at expiration: Buy at $190 (cost for 100 share $19,000), but net cost per share= $190 - $1.55 = $188.45
#2 Trade Performed (UNH)
Stock: United Health (UNH) at $240 Stock price
Sell Put: $235 strike, 7days DTE, premium = $1.35
You collect: $135
If UNH > $235 at expiration: Keep $135, no shares bought.
If UNH < $235 at expiration: Buy at $235 (cost for 100 share is $23,500), but net cost per share = $235 - $1.35 = $233.65
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