Someone paid me $64,499 to agree to buy their
$META shares at $550... 2 years from now.
Say that out loud. It sounds fake.
They handed me $64k, instantly, for a PROMISE
A promise to buy a company I already love, at a price I'd be thrilled to pay.
Then what? I took that cash flow to buy shares & some leap calls as you see in the screenshot.
If $META never drops to my sold put strike? I keep the $64k for nothing & the leap calls/shares will likely appreciate.
If it does fall to my sold put strike? I buy a great company at a great price.
Win. Win.
& my base portfolio secured the whole trade, so n