🌟🌟🌟Selling a cash secured p

🌟🌟🌟Selling a cash secured put on $SPDR Gold ETF(GLD)$ is a way to get "paid to wait" for a better price on Gold.

It is a favourite way for investors because it is a high probability strategy that turns the tables on the market: instead of buying options, you act as the "insurance company" collecting the premium.

How it works: To sell one GLD put, you must have enough cash
to buy 100 shares of GLD at your strike price.

1. Pick a Strike price (the price you are happy to buy gold at) & an expiration date (eg 30 days away)

2. You sell the contract & immediately receive the premium cash.

3. You watch the Gold price move until the expiration date.

Scenario A: Gold stays above your strike. The option expires worthless. You keep the cash and the premium.

Scenario B: If Gold drops below your strike price at expiration, you are "assigned"& you buy the 100 shares of GLD at your strike price.

It is great if you want to own GLD at a discount.

@Tiger_comments @TigerClub

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

zuma
06:34
zuma
thx
- koolgal:
  Best of luck 🍀🍀🍀
- koolgal:
  Have a winning week ahead 🌈🌈🌈💰💰💰
- koolgal:
  Appreciate your support 🥰🥰🥰
- koolgal:
  My pleasure 😊😊😊

Leave a comment

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It is a favourite way for investors because it is a high probability strategy that turns the tables on the market: instead of buying options, you act as the \"insurance company\" collecting the premium. How it works: To sell one GLD put, you must have enough cash to buy 100 shares of GLD at your strike price. 1. Pick a Strike price (the price you are happy to buy gold at) & an expiration date (eg 30 days away) 2. You sell the contract & immediately receive the premium cash. 3. You watch the Gold price move until the expiration date. Scenario A: Gold stays above your strike. The option expires worthless. You keep the cash and the premium. Scenario B: If Gold drops below your strike price at expiration, you are \"assigned\"& you buy the 100 shares of GLD at your strike price. It is great if you want to own GLD at a discount. @Tiger_comments 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