$Volatility Shares 2x Ether ETF (ETHU.US)$ let's go baby...

ArtemisX : still holding on? sentiment on eth has been quite weak this week

10baggerbamm OP ArtemisX : Rome wasn't built in a day when Bitcoin goes to 70,000 this leveraged ETF will be $12 when Bitcoin goes to 80,000 it'll be 22-25 probably even higher than that so I'm not worried.  if it's weak tomorrow I'll be selling October puts probably like 100 contracts or 200 contracts and collecting the premium

ArtemisX 10baggerbamm OP : ah… i have so much to learn on hedging through puts

10baggerbamm OP ArtemisX : let's suppose the stock is at $12 and you say I want to buy it at 10:00 you can put a limit order in and if it doesn't hit it nothing happens alternatively you sell a 10 put every contract that you sell is 100 shares 10 contracts is the same as a thousand shares so you need to have the cash in your account equal to the number of contracts that you sold if it's converted to stock or you need to have the buying power I would discourage you from using margin. so if you sell a 10 put depending upon how long you go out it could be weekly expiration or they could have monthly expiration different securities at different time frames but let's suppose you go out two weeks maybe it's 50 cents so you sell 10 contracts you collect $500 and now someone else has the option of putting that stock to you on expiration date if it closes at $10 or less in which case your cost basis would be the price 10 minus the premium you got 50 cents so your cost basis is $9.50.. so selling puts and understanding when is a very good way to generate income and lower your cost basis if you own it out right while you're waiting for the stock to move higher or even if it's selling off a little bit rather than taking a stop loss and getting stopped out you sell a put you collect the premium you know $2 $3 below the market whatever it is you're lowering your cost basis that way

ArtemisX 10baggerbamm OP : thanks! that’s very helpful, will certainly look more into it.

10baggerbamm OP ArtemisX : moomoo has excellent information on understanding options I encourage you to look it up watch the videos if you have any questions please feel free to ask me there's other people on this forum that understand options very well but make sure you understand them before you start entering real trades cuz you can screw yourself up real quick if you don't know what you're doing

101824250 10baggerbamm OP : ya it is good idea i also trying to do that but the option for this ETF is not that liquid and big bid ask spread. wonder how you can find a good price for 100 or even 200 contracts to sell your put.

10baggerbamm OP 101824250 : sometimes you can sit in the spread and only get a couple contracts executed all day long