My strike price is $1.
I was paid $66 for 10 contracts. Price has stayed at $1.08-$1.12 area. Expiration date 9/20/24.
What’s more likely to happen?
$NRDY
I own 1000 shares already.
If you hold until expiration and stock price is below $1, get ready to buy 1000 shares at $1 on expiration. If it’s above $1, you keep your $66 premium and puts expire worthless. You can also close positions before it expires at the current price.
CajeeK on
Thx @timcodes exactly what I expected.
hansfixer on
I can say that you have a good buffer with the price hovering around $1.08-$1.12, and a bit of time until expiration. If the stock holds above $1, your contracts will likely expire worthless, and you’ll keep the premium. If it dips closer to $1, you might need to be ready to adjust or roll out to another date. What’s your plan if it drops below $1 before expiration?
Suspicious_Lake_7732 on
I wish you luck on issues under $5
My account littered with them.
All likely going to 0
Maleficent_Rate2087 on
It’s likely to go to .75 then you’ll be down $2500 trying to collect $660.
6 Comments
If you hold until expiration and stock price is below $1, get ready to buy 1000 shares at $1 on expiration. If it’s above $1, you keep your $66 premium and puts expire worthless. You can also close positions before it expires at the current price.
Thx @timcodes exactly what I expected.
I can say that you have a good buffer with the price hovering around $1.08-$1.12, and a bit of time until expiration. If the stock holds above $1, your contracts will likely expire worthless, and you’ll keep the premium. If it dips closer to $1, you might need to be ready to adjust or roll out to another date. What’s your plan if it drops below $1 before expiration?
I wish you luck on issues under $5
My account littered with them.
All likely going to 0
It’s likely to go to .75 then you’ll be down $2500 trying to collect $660.
Close the trade in the morning.