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
If $META never drops there? I keep the $64k for nothing.
If it does? I buy a great company at a discount... & STILL keep the $64k.
Wanna know the even crazier part?
My base portfolio secured the whole trade, so no cash drag like CSP.
This is the power of the PORTFOLIO secured put.