Wish you could have bought more
$SPCX at $135?
Now that monthly options are open, there’s another way to play it.
You can sell the 8/21 $135 cash secured put and collect about $1,030 per contract today.
What does that mean?
• You get paid $1,030 immediately.
• If
$SPCX stays above $135 through 8/21, you keep the entire premium.
• If it falls below $135, you will be assigned shares at $135.
Your effective cost basis would be about $124.70/share ($135 strike - $10.30 premium).
If you’re bullish on
$SPCX and would be happy owning shares at a lower price, this is an angle worth considering.
Get paid while you wait instead of chasing the stock higher