Ok, here we are. 4.5 months later. Doing a recap on Nikola:
with 4050 invested as of the date this thread debate started on selling Puts vs buying Nikola Stock outright, the stock price of 32.50$ indicated I couldve bought 124 shares for 4050, but rather I sold 3x 17.50 puts for a January 15th expiration.
Approximately 6 weeks ago, when the Nikola stock rebounded from a 17$ low back up to 30$ I bought 3 offsetting 17.50 puts to close the position, and then re-entered the position with 3x 17.50 after the stock cratered back down to below 20$
4.5 months later. Options expired worthless last friday at 19.80 closing price.
Total cash-out: 5850$ (gain of 1800$; gain of 45%)
vs what I would have if left if I wouldve bought 124 shares:
$2467 (Loss of 1582; Loss of 39%)
What I would have left if I wouldve Bought at 32.50, closed position at 30$, and rebought at the 17$ cratered price:
$4332.70 (gain of 6.9%)
In your fucking face retard. I win.
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