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Unpopular opinion: cash secured puts are one of the dumbest "smart" strategies in all of options
Think about it...
Selling a put means you're BULLISH. You WANT the stock to go up.
So why park a giant pile of cash behind it, earning essentially nothing at a time you are BULLISH
That's the cash drag. & it quietly destroys your returns
Secure the put with your portfolio instead
Same premium, but your collateral compounds the entire time
CSPs aren't safe. They're expensive. Change my mind...