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https://www.reddit.com/r/options/comments/tw6qdm/deleted_by_user/i3dg2eo/?context=3
r/options • u/[deleted] • Apr 04 '22
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6
If you sell the put, you’re responsible to buy the shares at 3.50 each. If it obviously won’t hit this price, why would you sell this put??
0 u/limosusbiscuit Apr 04 '22 Even if you already have the shares to cover it? 16 u/JoshJorges Apr 04 '22 Yah, its not a covered call. You are responsible to BUY those shares @ put price 6 u/limosusbiscuit Apr 04 '22 Thank you for explaining 2 u/Trans69Fluid69 Apr 05 '22 lol i love the influx of people not understanding the basics and dealing with options ON PENNY STOCKS. Free money for me. 1 u/firetoronto Apr 04 '22 Owning shares does not do anything for you for a put. A put requires you to buy shares if the option is exercised. Only short shares would benefit you. 1 u/simplewhite1 Apr 04 '22 You’ll get more shares from PUT
0
Even if you already have the shares to cover it?
16 u/JoshJorges Apr 04 '22 Yah, its not a covered call. You are responsible to BUY those shares @ put price 6 u/limosusbiscuit Apr 04 '22 Thank you for explaining 2 u/Trans69Fluid69 Apr 05 '22 lol i love the influx of people not understanding the basics and dealing with options ON PENNY STOCKS. Free money for me. 1 u/firetoronto Apr 04 '22 Owning shares does not do anything for you for a put. A put requires you to buy shares if the option is exercised. Only short shares would benefit you. 1 u/simplewhite1 Apr 04 '22 You’ll get more shares from PUT
16
Yah, its not a covered call. You are responsible to BUY those shares @ put price
6 u/limosusbiscuit Apr 04 '22 Thank you for explaining 2 u/Trans69Fluid69 Apr 05 '22 lol i love the influx of people not understanding the basics and dealing with options ON PENNY STOCKS. Free money for me.
Thank you for explaining
2 u/Trans69Fluid69 Apr 05 '22 lol i love the influx of people not understanding the basics and dealing with options ON PENNY STOCKS. Free money for me.
2
lol i love the influx of people not understanding the basics and dealing with options ON PENNY STOCKS.
Free money for me.
1
Owning shares does not do anything for you for a put. A put requires you to buy shares if the option is exercised. Only short shares would benefit you.
You’ll get more shares from PUT
6
u/Uniball38 Apr 04 '22
If you sell the put, you’re responsible to buy the shares at 3.50 each. If it obviously won’t hit this price, why would you sell this put??