With TSLA currently around $190, how can I buy the stock anywhere near $175? The answer could be the sale of a cash secured put.
With the stock at $191 the April 180 put is trading at around $3.00. I will sell 1 April 180 put at $3. If the stock finishes under the strike price of 180 at April Expiration (April 17th), I would be obligated to buy the stock at $177 ( strike price minus the premium received). If the stock doesn’t fall below $180 at April Expiration, I collect[...]