A naked put involves selling a put option without reserving the full cash amount to buy the underlying stock. Instead, the obligation is backed by margin (borrowed buying power) in your brokerage account.
Buy close 1 contract 360 Put, Sell open 1 contract 6/20 345 put
Butterfly
Buy open 1 contract 6/20 345 put sell open 2 contract 6/20 330 put Buy open 1 contract 6/20 315 put
You can see that the two highlighted order above cancel out each other, so you are really just left with 2 contrat of short on 330 put, and 1 contract long on 315 put.
The entire tranaction above, all together is about $3-$4 debit.
In worst case, it lower your put strike price to 345 (from 360). And if Tsla close around 330, you will make additional $15 from the spread between 345 to 330.
或许 你被批准的option level很高，允许卖 naked put ？
比如now, snow,等等都被我清了，马上就可以清掉meta，等700
A naked put involves selling a put option without reserving the full cash amount to buy the underlying stock. Instead, the obligation is backed by margin (borrowed buying power) in your brokerage account.
毕竟不是每一个价位都会跌到的
Selling nake put directly only gives you $5.
Rolldown:
Buy close 1 contract 360 Put, Sell open 1 contract 6/20 345 putButterfly
Buy open 1 contract 6/20 345 put sell open 2 contract 6/20 330 put Buy open 1 contract 6/20 315 putYou can see that the two highlighted order above cancel out each other, so you are really just left with 2 contrat of short on 330 put, and 1 contract long on 315 put.
The entire tranaction above, all together is about $3-$4 debit.
In worst case, it lower your put strike price to 345 (from 360). And if Tsla close around 330, you will make additional $15 from the spread between 345 to 330.
或者roll到620的350。
由于355或350还是ITM, delta还比较高，从某种程度上一个这样的short put也相当于你拥有了略少于100股的股票。如果在接下来一周反弹，这个short put效果跟拥有正股差不多，但好处是你不用真的付出cash，只要账户balance足够做抵押就行。
只是close 掉后卖naked put 330风险还大。只适合330以上股价。