/biz/ - Business & Finance

Anonymous Mon Feb 8 05:58:29 2021 No.28078184 [View]
File: 510 KB, 874x477, Screenshot (139).png [View same] [iqdb] [saucenao] [google]

pop quiz hotshot!

a pennystock blows up, goes from .20 to 1.2 in a day.
it's got options and IV is through the roof.
everyone thinks it's gonna drop.
so hilariously, a put with a strike of 1 is selling for $100.
but what happens next?
selling a cash covered put with a strike of 1 for $100 would allow you to immediately then sell ANOTHER cash covered put with a strike of 1 for another $100, and so on.

what do you do?
WHAT DO YOU DO!?

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