sold a CSP on NKLA. 7/17 $35P. collected $700 in premium.

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Posting as :
works at
You are currently posting as works at

Seems like a risky proposition to me.

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Lol there’s like a $3500 risk per contract

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well it’s a $2800 risk if it goes to 0. i don’t see that happening. this obviously isn’t a play on fundamentals, but an attempt to capture volatility.

Plus it allows me to not tie up capital

I like it...volatility is high and the move
Up was on BIG volume and substantially OTM
so great theta working in your favor. High probability trade and worst case you either buy back for loss or take ownership of the stock if it goes ITM

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