ilmscore | Prediction Details
"Sirius is currently at $4.89 a share and let's say that you think that it's a good buy at $489 a share so you can buy the stock at $4.89 and just hope that it goes up so that's one way to make money but another option is that you can do a cash secured put so here's what happens essentially you sell a put option by doing so you lock yourself into an agreement as follows Sirius is at $489 a share within one month if Sirius Falls to 450 or below you will buy Sirius for $450 and it doesn't matter if Sirius goes to $450 $449 $4 or $3 if Sirius Falls to $450 or below you will buy Sirius for $450 but within one month if Sirius does not fall to 450 or below then you will not buy it however regardless of which scenario occurs you will be paid 32 cents for agreeing to this"
By ClearValue Tax | October 15, 2023 | Pending
From video
Options Trading For Beginners: Complete Guide with Examples 00:41:26 - 00:42:33
Interpreted Prediction
Selling a $4.50 put option on Sirius (trading at $4.89) with a 1-month expiration for $0.32. If Sirius falls below $4.50, the seller is obligated to buy 100 shares at $4.50. If it stays above $4.50, the seller keeps the $0.32 premium.

Prediction Details

Ticker
SIRI

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