3 sell Nvidia Puts (bullish)

Seraphicall : Nicely done bro

xiaoswee : i sold on nvdl one night jumped 20+% Nvidia is becoming more volatile than bitcoin man

Kendadon1 : Question how do you do that ? I buy naked calls and puts how do you short ?

Cow Moo-ney OP xiaoswee : Indeed. It’s one of the most volatile megacap stocks now

Cow Moo-ney OP Kendadon1 : I sold them (cash secured puts). I didn’t buy them

Kendadon1 : How do you do that …. Do I have to actually own the shares to do so

ThirtyOne Kendadon1 : To sell covered calls you must own the underlying stock(at least 100 shares). To sell cash secured puts you must have the amount of cash in your account to buy those 100 shares if the option was exercised.

Cow Moo-ney OP ThirtyOne : That’s right. To add on, 1 option contract = 100 shares