Someone paid me $20,946 to agree to buy their NVDA shares at $180... 2 years from now
Say that out loud. It sounds fake
They handed me $20,946, instantly, for a PROMISE
A promise to buy a company I already love, at a price I'd be thrilled to pay
If
$NVDA never drops there? I keep the $20,946 for nothing
If it does? I buy a great company at a discount...& STILL keep the $20,946
& my base portfolio secured the whole trade, so no cash drag like CSP
This is the power of the portfolio secured put