Sold 5 cash secured puts on $CONL (2x $COIN etf) for a strike of $52 for 8/16.



Premiums were legit stupid for a 1 month duration.

1 contract = $715 premium. I sold 5 so collecting $3575 just for waiting 😬

% return in 1 month (if NOT assigned)
$715 / $5200 = 13%

IF assigned I get 500 shares at a cost of $44.85 (which is like a $COIN $218 price) and a lower avg than the $CONL shares i sold for gain yesterday

I like playing chess and getting paid to wait for my shares. Also this is an advanced strategy that I don’t recommend doing if you’re a novice
X-3.86%
JST1.06%
NOT-2.01%
CHESS-1.58%
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