Bullets fired, ready to buy 500 shares
Next round of buying the dip fired, will I get to buy 500 shares on 19 August? Let's see ![]()
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Sold 5x PUT options so the buyer of the options can force me to buy 500 shares of PLTR at $5 each whenever they want on or before 19 August.
Sold 5x PUT options so the buyer of the options can force me to buy 500 shares of PLTR at $5 each whenever they want on or before 19 August.
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Master Teo : i thought moomoo don’t support cash secured puts?
doctorpot1OP Master Teo: the margin calculation is a bit off but just put enough cash and it is ok. I have been doing CSP for a long time on moomoo already. just need to watch your margin risk and have spare cash to put up in case.
Master Teo : alright thanks, coz recently i contacted customer support and they told me although i have enough cash to be assigned with the shares, there might be a margin call due to fluctuations of options premium price. However they are currently working on the system logic to cater to cash secured put strategies.
Master Teo doctorpot1OP: also i have another question if you don’t mind,, let’s say i’m selling a put contract on a strike price of 6, how much cash should i prepare? I know that i have to buy 100 shares which would be $600 but would i need some extra cash?
doctorpot1OP Master Teo: yea that's why when you do CSP on moo moo best to have a spare bucket of cash that can be deployed. can check the margin call margin line, if your cash is greater than that then won't kena margin call already.
Master Teo doctorpot1OP: do you mean the “risk status” ? I hope moomoo officially implements this strategy soon
doctorpot1OP Master Teo: generally 600 is more than enough. but to be super safe you can check your risk level under your account. they will tell you the margin call margin. so if you have enough cash to never hit that amount you should be safe.
doctorpot1OP Master Teo: yes yes
yea hope they implement CSP and Poor man's covered call also. I'm doing it using margin cause they don't support so everyday need to watch my margin hahahahha 
if the CSP underlying drop like crazy and the PMCC underlying fly like crazy, I will get margin called hahahahha need to pump in tons of cash to support it
Master Teo : HAHAHA my main strategy is just CSP and covered call if i get assigned
still relatively new to options but hope gain more experience along the way! Thank you for your advice! Good luck with your trades!! 
Master Teo doctorpot1OP: Hi again, since you have been trading csp in moomoo for a while now, have you been assigned before? If so, how was the procedure? Did they use your cash to purchase underlying stock at strike?
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