I'm good with that. My thought is that if some newbie apt to make a real mistake of this type reads it, at least they'll be forewarned.
Your intentions are noble. But novice put sellers are on par with born again Jesus freaks and new vegetarians. They have all the answers. The main one being, "I'll be happy to own the stock." Sure. Got it.
For the most part, you're right. But there's always one or two good ones in the crowd, and - as a guy who taught at a vocational school for NYC ghetto kids for a while - I'm used to diving for pearls. Maybe I should put "r/wallstreetbets and RobinHood FOMO morons stay away" signs around my posts? Just a thought.
By one Massive Put do you mean one put= 100 shares? and then you do another one put= 100 shares I think your miscalculating your risk by about 100x. You will be dca’ing 100 shares every time, you roll your contract down and out another 7 days. But I get it saw that 146% return and completely ignored everything else too.
Soy's crystal balls have served him well in the past. He might just pull this one off, dumb luck it maybe though.
By the first sentence of this thread "Collected $2.99 per share, thus $299, premium", OP must be aware of the 100share commitment.
You're f*cking r*tarded. Extrapolating ROI at fixed vol on a position in which you're currently underwater.