$GameStop (GME.US)$ I don't know how many of you guys alread...
$GameStop(GME.US$ I don't know how many of you guys already trade like this or not but when I'm ready to buy a stock and hold it long term what I do instead of just purchasing stock I will sell a put option at the price strike of where I feel comfortable purchasing stock now one of two things will happen either it goes in the money and they assign you and you get to stock for the price you wanted anyway and on top of that you get a discount because they paid your premium up front or it expires worthless and you get free capital for those of you that don't already do this it's a great way to buy long-term shares
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Naxster : How do you do this? I don't see anything about put options in the trade menu.
NelsonP : But if it is a really good stock and never goes down to the strike price, you will miss a lot of the increase
knowledgeispowerfulOP NelsonP: correct you could then you do the wheel strategy where you would roll it out to a later date later dating collecting your credit every step of the way for each state but no stock always goes up eventually it's going to come down and it even if it does it you're going to be collecting premium after premium for free with no risk involved
Cosmoly : An interesting strategy that worth testing out! Did you plan to do this one GME? Coz you tag this stock
Gackky knowledgeispowerfulOP: this required patience.. unless you choose stock with weekly options