Submitted by moonyou22 t3_11dfyy3 in wallstreetbets
jonnyohman1 t1_jab1zbd wrote
Reply to comment by selipso in and I wouldn't change this system for the world. by moonyou22
called a cash-secured put. Selling a put means you'll have an obligation to buy those shares at the strike price if it expires and you get assigned. If you want to get fancy you can then take those shares you were assigned and sell covered calls on them. That's called the wheel.
CarbonHardened t1_jabt74p wrote
It's how thetagang rolls.
PlanesFlySideways t1_jabwpwc wrote
Heh
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